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Home My WebLink About2004 05-03 CCP Board of Appeal & Equalization Clerk's Notice to Post and Publish HC 1163 (1/02) ASSESSMENT NOTICE NOTICE IS HEREBY GIVEN, That the Local Board of Appeal And Equalization of the City of Brookl�__Center in Hennepin County, Minn.,will meet at the of�'ice of the City Clerk, in said City Council Chambers ,at o'clock P M., on Mondav the 3rd day of Mav ��0 04 for the purpose of reviewing and correcting the assessment of said c'itv for the year 20 04 All persons considering themselves aggrieved by said assessment or who wish to complain that the property of another is assessed too low, are hereby notified to appear at said meeting and show cause for having such assessment corrected. No com laint that another erson is asse P ssed too low will be acted u on until the P P erson so assessed or his P agent, shall have been notified of such complaint. Dated this llth day of February 20 04 1 l� 4�!1�� Clerk of the city of Brnokl3m �p„rPr I Fortn No. A.F. 4- Notice to Clerk of Meeting of Board of Review Equalization OFFICE OF COUNTY ASSESSOR TO THE CLERK OF THE Ci tv OF Brookl yn Center HENNEPIN COUNTY, MINNESOTA NOTICE IS HEREBY GIVEN, That the Th i rd day of MaY at Seven p, o clock M. has been fix h ate for the meetin of the Local Board of edast ed g Appeal and Equalization in your Ci t_Y for said year. This meeting should be held in your office as provided by law. Pursuant to the provisions of the Minnesota Statutes Section 274.03, you are required to give notice of said meeting by publication and posting, not later than ten days prior to the date of said meeting. Given under my hand this Fi fth da of Februdry 20 04 Y 1L�.. a 1 County Assess�Or 1 Hennepin County, Minnesota HC200 (1/02) HC588 (2/02) CERTIFICATION OF POSTING OF ASSESSMENT NOTICE State of Minnesota COUNTY OF HENNEPIN gs. f.�_ OF Brnnkl�Cn (:Pnt I, r0 fihtt�So11 Clerk of the C� +�i of B PDb KI Nn C� r insaid County for the year 20b'l, do hereby certify that on the 3� day of May 200� in confornuty with requirements of law, I posted notices in each of three of the most public places in said ten days before the time of ineeting therein named, and also caused such notice to be published in a legal newspaper, of which the following is a true copy, to-wit: ASSESSMENT NOTICE NOTICE IS HEREBY GIVEN, That the Local Board of Appeal and Equalization of the C 1 ty of B ro o k 1 �r n C e n te ttn H e� i n County, Minnesota, will meet at the office of the B 1^0 o k 1 y�t C_ 11 Y' Clerk in said C i t v at S P v e n o'clock M., on Mondav ,the Third dayof N�v ,20 �,�'orthe" purpose of reviewing and correcting the assessment of said B roo k 1 vn Ce11 t� 1^ for the yeax 20 O4. All persons considering themselves aggrieved by said assessment, or who wish to complain that the property of an- other is assessed too low, are hereby notified to appear at said meeting and show cause for having such assessment corrected. No complaint that another person is assessed too low will be acted upon until the person so assessed, or his agent, shall have been notified of such complaint. Dated the day of �a-�I 200� 7 Clerk ofthe Ci tv of Brookl vn Center Given under my hand this day of 20� Clerk. State of Minnesota, COUNl'Y OF HENNEPIN Citv of Brooklvn Cent We, the undersigned, Local Board of Appeal and Equalization, of the C 1 ty o f B roo k l yn Ce n te r in said County, do hereby certify that we, and each of us, attended at the office of the �in ('a,.q�g�lerk of said C1� on the day set forth in the notice given by the Clerk of said grookl�n Ce1�r and that we then and there remained session the whole of said day as a Local B y ard of Appeal and Equalization. Witness our hands this day of I 1 L�9� 20 U Chairman y� NOTICE TO ASSESSOR Assessor must make the necessary footings at bottom of each page and carry them forward to the "Tabular Statement" form, and in so doing use all possible care. Minnesota Statutes, Section 274.04. The assessor shall foot each column in his assessment book, and make in each book, under proper headings, a tabular statement showing the footings of the severnl columns upon each page. He shall also foot the total amounts of the several columns under the respectiue headings. Such return shall be verified by his affidavit substantially in the following fornz: ASSESSOR'S RETUR,N OAT�3 To Be Signed By County Assessor I, Patri ck 0' CQnnnr Auditor of the County of Hennepin, Minnesota. State of Minnesota County of Hennepin I� Thomas May countyAssessor of the County of Hann�ni n do solemnly swear that the book to which this is attached contains a correct and full list of all Real and Personal Property subject to assessment and taxation in the Cj�v of Brn�n C�,� year 20 04, so far as I have been able to ascertain the same, and that the market value, except.as limited by statute, and the assessed ualue, except as limited by statute, set down in the pmperty column, opposite the several kinds and descriptions of property, is in each case the market value, except as limited by statute, and assessed value, except as limited by statute, of such property, to the best of my knowledge and belief, including all changes made by the Brooklyn Center Local Board ofAppead and Equalization; and that the footings of tlae severnl columns in said book and the tabular statements returned herewith are correct, as I verily believe. County Assessor Subscribed and sworn to before me this day of 20 Auditor of Hennepin County CERTIFICATION OF NOTICE ON INCREASED VALUATIONS State of Minnesota County of Hennepin $S. City o f Brooklyn Cent r I� �1ptAdS.�'9d�� County Assessor of F�.p,p,� County, Minnesota, do solemnly swear that the owner or occupant of each description of real property which was subjected to an increase in market aalue over the preceding year's assessment was given official notice of the amount of such increases. I further certify that all such notices were sent through tlze course of ordinary mail not less than ten days prior to Mav' 3. 2004 on which the Ci tv o Brooklyn Cen�`er �y Y¢ar f Local Board of Appeal and Equalixation duly convened or on ten days prior to the official adjournment thereof. Month Day Y¢ar Date Signature: Hennepin County Local Board of Appeal and Equalization: 2004 Assessment Munic Name: 22 Brooklyn Center Date Convened: 05/03/2004 Time Convenend: 7:00 pm Munic Total EMV: 1,949,282,100.0 Reconvene Date: 05/10/2004 Time Adjourned: 11:00 pm Local Board Members Present Assessment Personnel Myrna Kragness, Mayor Nancy Wojcik, Assessor Kay Lasman Jill Brenna, Appraiser Kathleen Carmody Karen Casto, Appriaser Technician Robert Peppe Diane Niesen Rec+rrrcl c�f l�ppe�l� PtD Order (Range Twp Sec) EStim8t8d MV Allocation Prop Sub Sec Twp Rq QQ Suff Name 'rype Rec Comments From: To: Land g��g increase �ecrease 25 119 21 '44 0023 William Kenny RL 1 Riverfront 318,900 318,900 130,000 188,900 36 119 21 13 OQ03 Steve Jordan RL 1 Riverfront 383,500 383,500 207,000 176,500 27 119 21 33 00&0 Lawrence Marofsky C 1 Office Condo 125,000 125,000 40,000 85,000 27 119 21 33 0082 Erma Myers C 1 Office Condo 120,000 120,000 35,000 85,000 27 119 21 33 0083 Michael Nelson C 1 Office Condo 120,000 120,000 35,000 85,000 27 119 21 33 0092 James Huber C 1 Office Condo 134,800 134,800 42,000 92,800 01 118 21 32 0105 Edward Doll A 1 4-PlexApt 346,000 335,000 60,000 275,000 (11,000) 36 119 21 41 0004 Todd Paulson RL 1 Riverfront 365,000 365,000 184,000 181,000 03 118 21 42 0030 Gedi-Damana Family Lmtd. C 1 Office 640,000 640,000 165,400 474,600 25 119 21 44 0027 Gary Brown RL 1 Riverfront 394,000 394,000 165,000 229,000 36 179 21 14 0002 Ron Schmidt RL 1 RiverFront 373,200 373,200 160,000 213,200 I 25 119 21 44 0005 Darryl Diane Sannes RL 1'Riverfront 379,500 379,500 165,000 214,500 I 36 119 21 41 0009 Brett Hildreth RL 1 RiverFront 325,000 325,000 166,800 158,200 I I of Parcels Appealed 13 of Parcels Reduced: 1 of Parcels Increased: of Parcels not changed: 13 Total Change in EMV -11,000 BOAE EMV Changes: -11,000 Percent of Total EMV O.OQ% I City of Brooklyn Center A Millennium Community To: Mayor Kragness and Council Members Carmody, Lasman, Niesen, and Peppe From: Michael J. McCaule City Manager Date: Apri130, 2004 D Re: Commercial Properties A few weeks ago you received a listing of valuations requested by Council Member Niesen. That compilation was made during a peripd when the Assessor was on vacation and no background information was available. Additionally, some properties have filed valuation appeals that may have resulted in adjustments from the previous dollar amounts. Generally, the commercial properties in that list reflected a variety of influences. The northern industrial areas had higher vacancy rates that resulted in a lowered or flat valuations. Southern industrial properties were smaller and predominantly owner occupied and saw increases in valuation due to market sales of smaller buildings reflecting increased value. Several properties had flat values due to multi-year tax court settlements that were reached close to the time valuations were set for the current year. Among those properties with settlements were Brookdale Ford and Medtronics. Some properties such as K-Mart and Brookdale Square are substantially empty and have had valuation appeals. Some businesses that were increased have been decreased from the list previously supplied in response to appeals or discussions. Those include the 50's Grill and the Olive Garden based on owner information re ardin income and ex ense levels. g g P I 6301 Shingle Creek Parkway Recreation and Community Center Phone TDD Number Brooklyn Center, MN 55430-2199 (763) 569-3400 City Hall TDD Number (763) 569-3300 FAX (763) 569-3434 FAX (763) 569-3494 www. cityofbrooklyncenter.org C TY OF BROOKLYN CENTER 1 2004 OF APPEAL AN D BOARD EQUAL ZAT ON 1 1 e 1 1 May 3, 2004 Letter of Transmittal 2004 Local Board of Appeat and Equalization To The Honorabfe Niayor and City Councif: As you know, each year the City Council is required by our Charter to s� as the Board of Appeal and Equalization. The purpose of this Board is to review the work of the Office of the City Assessor and to hear valuation and classification aPPeals. The 2004 Board of Equalization is scheduled to begin at 7:00 p.m. on Monday, May 3, 2004. In addition to the valuation notices mailed to all individual properly owners, the City Clerk has published and posted notices of this meeting as required by state statute. The attached report is presented for your information. This report contains a review of the Board's powers and responsibilities, information from our office regarding the 2004 assessment and an overview of recent market activity. The issues before the Board of Appeal and Equafization are questions of value and classification of Brooklyn Center properties for the January 2, 2004 assessment for taxes payable in 2005. Respectfully submitteci, Y/ /"l� �1/ Nancy J. Wo�c� S.A.M.A. City Assessor i 2004 Brooklvn Center Board of A�peal and Equalization Meetin4 Aqenda: 1. Meeting called to order, roll cail. (7:OOpm) 2. Th tatem nt f th Local Board of A eal and E ualization and e s e o the purpose of e pp q a review of the board's duties. 3. The Assessor's Report. 4. Appearances by taxpayers with appointments. 1 A. William Kenny, 7036 Willow Lane N. B. Steven Janet Jordan, 6640 West River Rd. C. Lawrence Marofsky, 7022 Brooklyn Blvd. D. Erma Myers, 7030 Brooklyn Blvd. E. Michael Barbara Nelson, 7034 Brooklyn Blvd. F. James Lucille Huber, 7070 Brooklyn Blvd. 5. Appearances by taxpayers without an appointment t 6. Consideration of written appeals. 7. Adjourn. Purpose of the Local Board of Aaaeal and EQUalization Minnesota Statutes, Section 274.01, provides that the governing body of each city or a duly appointed board will serve as the Local Board of Appeal and Equalization. This review is held each spring. The board has the responsibility to review the assessed valuation and classification of property within the city. This year's review is limited to the 2003 assessment; which affects taxes payable in 2004. The review by the board should focus only on either the market value or the classification of each property. The board should not directly concern itself with issues of actual property taxes of a particular property. Duties of the Local Board of Appeal and Equalization 1. See that all taxable property is properly assessed, valued, and classified. 2. Add any omitted property to the assessment. e Limits of Authoritv for the Local Board of Apoeai and Equalization The authority of the board extends over individual parcels only. Changes of value are made to the estimated market value. No changes may be made by percentage, class, or property type. Changes in the aggregate assessment may be made by the state board of equalization, The total of all changes made by the local board of review must not reduce the aggregate assessment by more than 1%. Should this occur, than none of the changes of the local board of review will be allowed. This limitation does not apply to clerical corrections. The local board of review does not have the authority to reopen previous assessments. An example of this is the 2003 assessment for the taxes payable e in 2004. Homeowner's that received their 2004 tax statement in March, 2004, are not able to appeal the 2003 estimated market value listed on the notice. Should the board wish to raise an assessment, the owner must be notified. Y It is necessary for a majority of the board be present for any valid board action to be taken. The board should carefully consider any cases where taxpayers feel aggrieved by the proposed assessment. All available evidence should be considered. The board then has authority to adjust the assessment as it deems just. The initial 20 4 sche uled for Ma 3 2004. The board must com lete 0 meetmg is d y, p its work within 20 days or receive a written extension from the Commissioner of Revenue. Any actions taken after 20 days without an authorized extension wiU be invalid. The assessor's recommendation is to complete all board business at the first meeting, if possible. Should a second meeting be necessary, it must be held no later than Sunday, May 23, 2004. A motion to sustain the assessment or to adjust the assessment may be made upon completion of the discussion ofi each property or may be held until all appeals have been heard. r Review Procedures 2004 Assessment Informal 1. Discuss assessment rocedures and the valuation methodologies employed by p the assessor's office. 2. Review market information, sales and property characteristics with the owner by phone or in the assessor's office. 3. Provide the owner with nearby assessed values and/or sales of homes similar to the subject property. 4. Suggest the owner have a market analysis provided by a local Realtor. 5. Review by physically inspecting the property and recalculating the value based on characteristics gathered in the new inspection. 6. Discuss with the owner the va{uation recommendation based on the review performed. Formal 1. Local Board of Review City Board of Equalization 2. County Board of Equalization 3. Minnesota Tax Court 4. Abatement Summarv The assessor's office will make every effort to resolve as many questions possible prior to the board. Those property owners still wishing to be heard at the board will be given an opportunity to express their individual concerns. The assessor's office will have an appraisal prepared for all properties where the owner has notified the assessor's office of their intent to appear at this year's board of review. A copy of this report will be provided to each board member and the property owner. Please remember that the issue at hand is the market value or classification of the property at hand, not the taxes. Cases that the board feels may be too difficult or complex to decide may be affirmed. The property owner will then have the opportunity to continue on to the County Board of Appeal and Equalization. Henne in Countv Board of Appeal and Equalization P The 2004 County Board of Appeal and Equalization will be held beginning June 14, 2004. Taxpayers wishing to appear must have appealed to their local board of review and must register with the county board prior to June 7, 2004, Call (612) 348-7050 for an appointment. At the County Board level the county assessor's office will perform an independent appraisal of each property. Should a reduction to the assessment be indicated, it is offered to the owner. The county will also notify the owner if their review indicates either no change or an mcrease. At this point, the owner can accept the reduction, withdraw the appeal, or continue on, to be heard by the County Board of Equalization. Minnesota Tax Court For information contact (651) 296-2806. The filing deadline for the 2004 assessment is April 30, 2005. The deadline is always the last business day in March in the year the taxes are payable. Abatements This is a process that allows assessors to correct a clerical or appraisal error. Application must be received by assessor no later than December 31 for the year the taxes are payable. This is a discretionary process and decision of the assessor is final. The City of Brooklyn Center charges a$45.00 application fee for an abatement application. However, in most cases the assessors office is able to inform the property owner prior to application if approval is likely. 1 1 1 1 1 �1 What is Market Value? Minnesota Statutes (272.03, subdivision 8) define market value as: "Market value means the usual selling price at the place where the property to which fhe term is applied shall be at the time of assessment; being the price which would be obtained at a private sale or at an auction sale, if it is determined by the assessor that the price from the auction sa/e represents an arm's-lengfh transaction. The price obtained at a forced sa/e shall not be considered. The text, Propertv Appraisal and Assessment Administration, copyright 1990, International Association of Assessing Officers, defines market value as "Market value. The most probable sale price of a property in terms of money in a competitive and open market, assuming that the buyer and sel/er are acting prudently and knowledgeably, allowing su�cient time for the sa/e, and assuming that the transaction is not affected by undue pressures. The fundamental points in these definitions include: 1. It is the most probable price, not the highest, lowest, or average. 2. It mav_ be the actual price, but isn't necessarily so. 3. It is expressed in terms of money (a cash basis). 4. A reasonable amount of time for exposure in the marketplace. 5. Buyer and seller are motivated by self-interest. 6. Buyer and seller are both well informed, or advised, and are acting prudently. 7. The definition recognizes the present use of the property, as well as other potential uses. 8. Assumes an arm's-length transaction in the open market. Classification issues In addition to appeals concerning the valuation of property, the Board may also consider appeals of the classification of the property. Minnesota uses a classification system to shift the burden from one group, or class, of property to another. Examples include homestead residential, non-homestead residential, apartments (four or more units), agricultural, commercial, and "contiguous° commercial. Depending on the classification, a property may have a tax liability of approximately one-half of a percent of its value to nearly five percent of its value. Due to the significant differences in tax liability, it is natural for owners to seek the most advantageous classification for their property. There are however, specific rules and requirements regarding these issues and the documentation necessary to prove the I qualification for the requested classification. In Cases that are unusual, we normally review the matter with the Hennepin County Assessor's Office and/or the Hennepin County Attorney's Office. Because of this prior research; we would anticipate that any classification issues which come before the Board may be of an unusual, or technica4, nature. We would advise caution on these issues. Depending upon the situation, the Board may wish to have a formal legal opinion as the basis of it's action. If this opinion cannot be obtained in a timely manner, the current classification should be a�rmed and the matter referred to the County Board of Equalization. 2003 Reinspection Program for the 2004 Assessment During the summer of 2003 our office conducted re-inspections for the 2004 assessment of the residential properties located South of 69 Ave N., East of Shingle Creek Parkway, West of Hwy. 252 and North of 57 Avenue North. In addition to all single-family homes located in the review area, all townhouses, double bungalows and triplex's within the city were physically reviewed. This review area consisted of e approximately 1,769 residential parcels. All parcels were inspected from the exterior and the assessor's office inspected the interior of 72% or 1,283 homes. The interior inspection percentage is down slightly from previous years due to the elimination of a second mailing to remind the owners to set an appointment. This was done as a cost saving measure. The re-inspection process began in mid May, and was essentially completed by the end 1 of September. The re-inspections were perFormed by City Assessor, Nancy Wojcik, Appraiser, Jill Brenna, Appraiser Technician, Karen Casto, and Assessment Data Collector, Brent Fogal. Following the review of the scheduled quartile, our focus switched to the residential properties with new improvements, commercial/industrial and apartment properties. All permit review inspections were completed by Appraiser I, Jill Brenna. The review of new improvements added an additional 1,303 residential properties, approximately 700 of these properties required exterior inspections, and approximately 400 required interior inspections. We estimate that the total number of residential properties reviewed in 2003 was approximately 2,469. Assessment Valuation Procedures Residential Sales occurring in the prescribed study period, October 2002 through September 2003, are analyzed by comparing them to the previous assessment and the preliminary assessment in process. Adjustments are then made either to the land values or to the computerized rate tables employed by the CAMA system in calculating the building values. This computer assisted mass appraisal system allows the assessor's office to value properties according to their individual characteristics. Examples of these characteristics include age, condition, size, style, amenities, functionality, and location. The preliminary final assessment is then analyzed statistically to ensure accuracy and uniformity. This process is greatly assisted by the relatively large sample of residential sales each year, giving the statistical analyses a t high degree of reliability. The Brooklyn Center residential assessment falls well within all accepted measurement guidelines for mass appraisal accuracy and uniformity. Apartment The apartment assessment is based on a combination of market sale activity and analysis of the rental market. Even in years without adequate sale information, changes in rental rates and occupancy levels are valid, accurate measures of changes in market value. Apartments are sold primarily for their potential to generate future income for the buyer. Therefore, the analysis of the likely (economic) income is a proven and widely accepted approach to valuation. 1 Commercial Industrial The valuation of these properties is primarily accomplished through an analysis of the rental market, potential income, and the sale market. What are typical investor expectations? What 1 are typical investor yield requirements for different market segments? These are two key questions where market activity can provide some guidance. The potential market (economic) income to a property is best estimated by analyzing recent leases, rental listings, and published data like the Real Estate Tracking Service of the Minnesota Real Estate Journal or the Colliers Towle Report. All of these sources and more have been employed by the assessor's office to ensure that the current assessed values follow the market as closely as possible. VALUATION NOTICE� March, 2004 Commonly Asked Questions What is this notice ieceived in the mai/? This notice i s your 2004 assessed value for taxes payab{e in 2005. It is intended to show you the estimated market value, limited market value and taxable market value of your house for taxes payable in 2005. It also includes the previous years value for comparison purposes.only. /s this a bi//? No. A Truth in Taxation notice will be mailed to you from Hennepin County approximately November, 2004 estimating the 2005 taxes. The Truth in Taxation notice will also contain meeting dates of any taxation meetings. Actual tax statements_reflecting the 2004 assessment will be on your 2005 tax statement, which will be mailed in March, 2005. Whv did mv market va/ue chan4e? The value of your property changes as the market indicates (through analysis of sales) or due to changes in the property (permit work, characteristic changes, etc.) The estimated market value is the .most probable price that a well informed buyer would pay a well informed seller for a property without either party being unduly forced to buy or sell. If you have specific questions you may elect to speak with an appraiser on your specific property. You recent/v reviewed mv aronerlv this /ast summer and to/d me there were no chanaes to mv characteristics, whv did mv va/ue increase? The value of our y property is based on reported and recorded market sales data collected over the past year. Your 2004 assessed value is based on rafies that are determined through analysis of this residential sale data. These rates change as indicated by recent market sales. Your 2004 value may have increased or decreased even though the characteristics of your home have not changed. This change in value may be based solely on the market data. Any changes in your property characteristics either positive or negative may also impact the final estimated value of your property. /s there a limit on how much �rou can chan4e mv va/ue? There is no limit on the chan e in estimated market value. However, the limited 9 market value or the taxable value for residential,. agricultural or non-commercial seasonal recreational properties (homestead or non-homestead) is limited. The increase in the property's taxable value may not exceed; (1) 15% of the previous year's taxable value, or (2) 25% of the difference between the current year's market value and the previous year's taxable value, whichever is greater, excluding improvements. /s m ro ertv still considered homestead �ert r�, Your current homestead status for the 2004 assessment for taxes payable in 2005 is displayed in the upper right hand corner under the property classification. Any partial percentage homesteads will be reflected on the n,otice. Can aQpea/ this va/uation of m y �c�ropert r�.� You should first review sale information from our nei hborhood. Review homes Y 9 similar in style and size to yours. lf you still feel that your value should be changed I i you may wish to speak with an appraiser and schedule an appointment to review your home. If you plan to attend the local board appeal and equalization we must review your property prior to scheduling you on the agenda. In most cases we can come to a mutually acceptable adjustment to your value without your appearance before the board. What can do as a senior citizen with a/imited income if fee/ vou are taxina me out of mv home? As a senior citizen it is im ortant to remember to file for the property tax refund. P This program is designed to shield you from excessive increases in property tax and/or property taxes, which are too high when compared to your income. In addition to these programs there is also a senior citizen property tax deferment program available. You may also wish to contact your local legislature to voice your concerns regarding tax changes for senior citizens. Can have vou a/so %ok at mv 2003 va/uation for taxes vavab/e in 2004? No. The previous year's valuation has already been finalized. Your 2004 tax statement th�at you received in March is based on your 2003 valuation. Questions regarding that value would have had to have been addressed at the time you received that valuation notice, or at the 2003 Local Board of Appeal and Equalization. What will mv 2005 taxes be with this chan4e? The tax rates have not been determined for the 2005 taxes. We will have a better idea of estimating taxes when the legislature adjourns. You will receive a Truth in Taxation notice in November, 2004 that will give you an estimate of the 2005 taxes. Typically the Truth in Taxation notice does not include school district referendums. Please be observant of any local referendum issues in your school district. If you would like an estimate using this years tax rates you may call Hennepin County Tax Estimates at (612) 348-3011 for assistance. s s: s w� s 2004 Assessment Tax Capacity �Payable in 2005 Property Type Breakdown FARM APARTMENT 0% 10% COMMERCIAL 28% RESIDENTIAL 54% I INDUSTRIAL 8% ❑APARTMENT ❑COMMERCIAL INDUSTRIAL lRESIDENTIAL ■FARM s� s s COMPARISON OF THE BROOKLYN CENTER ASSESSED VALUE BY PROPERTY TYPE 2002 to 2005 TAX PAYABLE YEARS PERCENTAGE TOTAL PAY PERCENTAGE TOTAL PAY PERCENTAGE TOTAL PAY PERCENTAGE PROPERTY TOTAL PAY 2002 OF PAY 2002 2003 OF PAY 2003 2004 OF PAY 2004 2005 OF PAY 2005 TYPE VALUATION VALUE VALUATION VALUE VALUATION VALUE VALUATION VALUE APARTMENT $142,100,200 9.54% $150,619,300 9.01% $162,976,100 9.01% $175,582,000 8.96% COMMERCIAL $285,707,400 19.19% $285,831,300 17.10% $305,091,000 16.86% $311,974,000 15.92% INDUSTRIAL $90,199,500 6.06% $103,857,300 6.21% $89,208,900 4.93% $93,496,400 4.77% I RESIDENTIAL $970,702,600 65.19% $1,130,851,900 67.65% $1,251,467,200 69.18% $1,377,621,800 70.32% I FARM $360,000 0.02% $367,000 0.02% $367,000 0.02% $385,000 0.02% I TOTALS a1 ,489,069,700 �1,671,526,800 �1,809,110,200 a1,959,059,200 NOTE: Payable 2005 valuation totals are based on values as of March 10, 2004. Residential taxable market value total for 2004 pay 2005 was $1,217640,600. More than 98% of all residential properties in Brooklyn Center will have taxable value that is lower than the estimated market value for the taxes payable in 2004. O:�Dyb�A85E88�BOAR0�Z003�jNJWMISCXl3}�r�kNValwh��M' Prepared by Brooklyn Center Assessor's Office 04/30/2004 r S COMPARISON OF THE BROOKLYN CENTER PROPERTY TAX BASE BY PROPERTY TYPE 2002 TO 2005 TAX YEARS T,qX TAX TAX TOTAL PAY PERCENTAGE CAPACITY TOTAL PAY PERCENTAGE TOTAL PAY PERCENTAGE CAPACITY CAPACITY TOTAL PAY PERCENTAGE PROPERTY 2002 TAX OF 2002 TAX CHANGE 2003 TAX OF 2003 TAX 2004 TAX OF 2004 TAX CHANGE CHANGE. 2005 TAX OF 2005 TAX TYPE CAPACITY BASE (Percent) CAPACITY BA8E CAPACITY BASE (Dollars) (Percent) CAPA CITY BASE APARTMENT $2,675,013 10.62% 20.57% $2,220,776 11.54% $2,457,114 11.69% $236,338 8.84% $2,194,251 9.82% COMMERCIAL $9,477,082 37.63% 1.51% $5,805,027 29.13% $6,243,399 28.71% $638,372 6.74% $6,128,110 27.42% INDUSTRIAL. $2,990,856 11.87% 8.30% $2,040,414 10.B0% $1,778,989 8.46% ($263,425) -8.81% $1,834,096 8.21% RESIDENTIAL $70,040,474 39.86% 18.26% $9,373,104 48.71% $10,534,651 50.13% $1,1B1,547 11.57% $12,179,778 54.52% FARM $3,743 0.01% 8.49% �3,431 0.02% $3,670 0.02% $239 6.39% $3,850 0.02% I i TOTALS 525, 187,168 10.42% 519,242,752 521,015,823 $1,773,071 7.04% ;22,338,086 NOTE: Payable 2005 tax capacity totals are based on values as of March 10, 2004. AdJustments for changes to state classiflcation rates by the 2003 legislature are not reflected in these I totals. U Prepared by Brooklyn Center Assessor's Office 04/30/2004 CITY OF BROOKLYN CENTER Tax Rates Across School Districts TAX RATES PAYABLE 2004 (applied to 2003 assessment) Juriscictions I sd 11 sd 279 (�d 281 sd 0286 I County 47.324 47.324 47.324 47.324I City 52.437 52.437 52.437 52.437 Schoo/ 21.05 23.709 34.258 39.892I Watershed 0 0 0 OI Sewer 0 0 0 0 Metro 3.502 3.502 3.502 3.502 Other 3.986 3.986 3.986 3.9861 Total Extension Rate 128.299 930.958 141.507 147.941 I Total (County, Metro 8 Other) 54.812 54.812 54.812 54.812� HRA Levy 1.256 1.256 1.256 1.256 City with HRA 53.693 53.693 53.693 53.693 Total "Other Specia/ Taxing Districts" excluding fhe HRA 54.812 54.812 54.812 54.812 Tota/ EactensionRate- al/ 929.555 132.214 142.763 148.397 City Market Value Rate 0.04844 0.04844 0.04844 0.04844 School Dist Other Market Value Rate 0. 943430 0.169580 0.165800 0.147220 Solid Waste Fee Taxable Market Value 0.01786 0.01786 0.01786 0.01786 Tota! Markef Va/ue Based Rate 0.2Q973 0.23588 0.2321 0.2?352 G:\Depts\SHARED\GENERALMSSESS�2004 TNT1[Tax Rates Across School DisVicts.XLS]Proposed Tax Rate 04/30/20043:05 PM 2004 CITY OF BROOKLYN CENTER RESIDENTIAL TAXES INCLUDES HENNEPIN COUNTY SOLID WASTE MARKET VALUE LEW APPROVED SCHOOL D/ST REFERENDUMS HOMESTEAD TAXES 11 Anoka Hennepin 279 Osseo 281 Robbinsdale 286 Brooklyn Center Market Value 2003 2004 Tax 2003 Tax 2004 Tax 2003 Tax 2004 Tax 2003 Tax 2004 Tax $71,000 $901 $786 $977 $822 $903 $895 $1,041 $986 $72,000 $913 $797 $991 $834 $915 $907 $1,056 $999 $73,000 $926 $808 $,1,005 $845 $928 $920 $1,070 $1,013 $74,000 $939 $819 $1,019 $857 $941 $932 $1,085 $1,027 $74,700 $948 $827 $1,028 $865 $950 $941 $1,095 $1,037 $75,000 $951 $830 $1,032 $868 $953 $945 $1,100 $1,041 $76,000 $964 $841 $1,046 $880 $966 $958 $1,114 $1,055 $77,000 $982 $857 $1,065 $896 $984 $975 $1,134 $1,074 $77,700 $994 $869 $1,078 $908 $996 $987 $1,148 $1,087 $78,000 $999 $873 $1,083 $913 $1,001 $993 $1,153 $1,093 $79,000 $1,017 $889 $1,102 $929 $1,019 $1,010 $1,173 $1,111 $80,000 $1,034 $905 $1,121 $946 $1,037 $1,028 $1,193 $1,130 $81,OU0 $1,052 $921 $1,139 $962 $1,054 $1,045 $1,212 $1,149 $82,000 $1,070 $937 $1,158 $979 $1,072 $1,063 $1,232 $1,168 $83,700 $1,099 $964 $1,190 $1,007 $1,102 $1,092 $1,265 $1,200 $84,700 $1,117 $980 $1,209 $1,023 $1,119 $1,110 $1,284 $1,218 $85,000 $1,122 $985 $1,214 $1,028 $1,125 $1,115 $1,290 $1,224 $86,500 $1,149 $1,009 $1,242 $1,053 $1,151 $1,141 $1,320 $1,252 $87,500 $1,166 $1,025 $1,261 $1,070 $1,169 $1,159 $1,339 $1,271 $88,500 $1,184 $1,041 $1,279 $1,086 $1,186 $1,176 $1,359 $1,290 $89,500 $1,201 $1,057 $1,298 $1,102 $1,204 $1;194 $1,378 $1,309 $90,500 $1,219 $1,073 $1,317 $1,119 $1,221 $1,211 $1,398 $1,327 $91,500 $1,237 $1,089 $1,335 $1,135 $1,239 $1,229 $1,417 $1,346 $92,500 $1,254 $1,105 $1,354 $1,152 $1,257 $1,246 $1,437 $1,365 $93,500 $1,272 $1,121 $1,373 $1,168 $1,274 $1,264 $1,457 $1,384 $94,500 $1,289 $1,137 $1,391 $1,185 $1,292 $1,281 $1,476 $1,402 $95,500 $1,307 $1,153 $1,410 $1,201 $1,309 $1,299 $1,496 $1,421 $96,500 $1,325 $1,169 $1,429 $1,218 $1,327 $1,316 $1,515 $1,440 $97,500 $1,342 $1,185 $1,447 $1,234 $1,345 $1,334 $1,535 $1,459 $98,500 $1,360 $1,201 $1,466 $1,251 $1,362 $1,351 $1,554 $1,478 $99,500 $1,377 $1,217 $1,485 $1,267 $1,380 $1,369 $1,574 $1,496 $100,500 $1,395 $1,233 $1,503 $1,284 $1,398 $1,386 $1,594 $1,515 $105,000 $1,474 $1,305 $1,587 $1,358 $1,477 $1,465 $1,682 $1,600 $110,000 $1,562 $1,385 $1,681 $1,440 $1,565 $1,553 $1,779 $1,694 $114,300 $1,637 $1 ,421 $1,761 $1,533 $1,640 $1,425 $1,863 $1,624 $115,900 $1,666 $1,479 $1,791 $1,538 $1,669 $1,656 $1,895 $1,804 $119,300 $1,726 $1,533 $1,854 $1,594 $1,729 $1,715 $1,961 $1,868 $120,000 $1,738 $1,544 $1,867 $1,605 $1,741 $1,728 $1;975 $1,881 $125,000 $1,826 $1,624 $1,961 $1,687 $1,829 $1,815 $2,073 $1,975 $128,400 $1,914 $1,678 $2,054 $1,743 $1,917 $1,875 $2 ,171 $2 ,039 $135,000 $2,002 $1,784 $2,147 $1,852 $2,005 $1,990 $2,268 $2,163 $136,140 $2,021 $1,8d1 $2,168 $1,870 $2,025 $2,009 $2,290 $2,184 $145,000 $2,177 $1,944 $2,334 $2,017 $2,181 $2,165 $2,464 $2,351 Pry� Medin $147,700 $2,210 $1,987 $2,370 $2,062 $2,220 $2,212 $2,500 $2,402 V $150,UOU $2,265 $2,023 $2,427 $2,099 $2,269 $2,253 $2,562 $2,445 $155,000 $2,353 $2,103 $2,521 $2,182 $2,357 $2,340 $2,660 $2,539 $160,000 $2,441 $2,183 $2,614 $2,264 $2,445 $2,428 $2,757 $2,633 $170,000 $2,617 $2,343 $2,801 $2,429 $2,622 $2,603 $2,953 $2,821 $180,000 $2,793 $2,503 $2,987 $2,594 $2,798 $2,778 $3,149 $3,008 04/30/2004 2004 CITY OF BROOKLYN CENTER RESIDENTIAL TAXES INCLUDES HENNEP/N COUNTY SOLID WASTE MARKET VALUE LEVY APPROVED SCHOOL DIST REFERENDUMS HOMESTEAD TAXES 11 Anoka Hennepin 279 Osseo 281 Robbinsdale 286 Brooklyn Center Market Value 2003 2004 Tax 2003 Tax 2004 Tax 2003 Tax 2004 Tax 2003 Tax 2004 Tax $190,000 $2,969 $2,662 $3,174 $2,759 $2,974 $2,953 $3,344 $3,196 $200,000 $3,145 $2,822 $3;361 $2,923 $3,150 $3,128 $3,540 $3,384 $210,000 $3,321 $2,982 $3,547 $3,088 $3,326 $3,303 $3,736 $3,572 $220,000 $3,496 $3,141 $3,734 $3,253 $3,502 $3,478 $3,931 $3,760 $230,000 $3,672 $3,301 $3,921 $3,418 $3,678 $3,653 $4,127 $3,947 $240,000 $3,848 $3,461 $4,107 $3,583 $3,854 $3,828 $4,322 $4,135 $250,000 $4,024 $3,621 $4,294 $3,747 $4,030 $4,003 $4,518 $4,323 $260,000 $4,200 $3,780 $4,481 $3,912 $4,207 $4,178 $4,714 $4,511 $275,000 $4,464 $4,020 $4,761 $4,159 $4,471 $4,440 $5,007 $4,793 $300,000 $4,903 $4,419 $5,227 $4,571 $4,911 $4,878 $5,496 $5,262 $350,000 $5,782 $5,218 $6,160 $5,395 $5,792 $5,753 $6,474 $6,201 $400,000 $6,662 $6,016 $7,094 $6,219 $6,672 $6,628 $7,452 $7,140 o:nqwW�•MWa�EruwseEaamo�n/nmo�n«w.mrt..u.m i 1 1 f� 04/30/2004 Brooklyn Center Homestead Tax History i ASSESSMENT CPI*' Assessor's Market Value SD #286 Homestead YEAR Change/Year Median Value I: Change Payable `£ax Year Tax Ghange i 1974 11.6% $23,750 0.00% 1975 $463 -16.66% 1975 8.5% $28,675 20.74% 1976 $542 16.94% 1976 6.3% $30,965 7.99% 1977 $556 2.67% 1977 7.0% $33,130 6.99% 1978 $686 23.24% 1978 9.1% $37,400 12.89% 1979 $661 -3.60% 1979 11.5% $44,900 20.05% 1980 $611 -7.59% 1980 11.4% $52,900 17.82% 1981 $437 -28.41% 1981 12.3% $55,800 5.48% 1982 $368 -15.91% 1982 9.9% $59,700 6.99% 1983 $431 17.11% 1983 2.2% $61,800 3.52% 1984 $496 15.23% 1984 3.6% $61,800 0.00% 1985 $580 16.85% 1985 3.8% $61,600 -0.32% 1986 $530 -8.57% 1986 1.3% $62,700 1.79% 1987 $554 4.50% 1987 3.0% $65,700 4.78% 1988 $575 3.71% 1988 5.0% $68,900 4.87% 1989 $651 13.36% 1989 4.1% $70,600 2.47% 1990 $817 25.37% 1990 4.1% $71,300 0.99% 1991 $805 -1.43% 1991 2.7% $71,000 -0.42% 1992 $868 7.84% 1992 3.5% $70,900 -0.14% 1993 $909 4.75% 1993 3.1% $72,000 1.55% 1994 $939 3.27% 1994 3.2% $72,000 0.00% 1995 $1,000 6.46% 1995 2.6% $72,800 1.11% 1996 $1,044 4.44% 1996 2.8% $77,700 6.73% 1997 $1,175 12.52% 1997 3.0% $80,000 2.96% 1998 $1,201 2.21% 1998 2.3% $83,700 4.63% 1999 $1,270 5.75% 1999 1.6% $90,100 7.65% 2000 $1,243 -2.13% 2000 2.7% $105,600 17.20% 2001 $1,541 23.97% 2001 3.4% $119,300 12.97% 2002 $1,700 10.32% 2002 2.8% $136,100 14.08% 2003 $2,290 34.71% 2003 1.2% $152,000 11.68% 2004 $2,470 7.86% 2004 2.1 $164,100 7.96% 2005 N/A N/A 30 Year Total „�38,0% I' 197.0% 3Q Year Tofal 178.8% 30 �'r, Annualized 4.6% I' 6.6% 3,0 Yr. Annualized' 6.0°/a 20 Year Total 71.9% 105.1% 20 Year Total 175.8% 20 Yr. Annualized 3.6% I 5.3% 20 Yr. Annualized 8.8% 10'Year Tofal 32.2% 80.4% 'IO Year Total 106.1% 10 Yr. Annualized 3.2% I;. 8.0% 10 Yr. Annualized 10.6% 5 Year Total 11.7% I 63.6% S Year Total' 74.7% 5 Yr. Annualized 2.3% 12.7% 5 Yr. Annualized 14.9% The stated change in the CPI is for the year preceeding the stated assessment year. ��..��►��.�.•p��, 04/30/20043:09 PM CHANGES MADE TO 2003 ASSESSMENT CITY OF BROOKLYN CENTER ovE�. Prepared by the Brooklyn Center Assessor's Office VALUE CHANGE City Wide All (Includes all property types) 9.2% (E�cluding new construction) 8.1 I City Wide Resid. (Single Family Detached Only) 10.7% (Ezcluding new construction) 10.1 /o 1 Commercial (excluding new conshuction} 5.5% Indusirial -10.6%0 Apartments 9.3% Condomuuums 15.7% Co-ops 15.5% Townhouses 12.7% (Excluding new construction) 10.0% 1 26.1% Doub e Bungalows Residential Neighborhoods #50 River Influence 17.1% (ezcluding new construction) 16. f)%o #51 North West 13.1 (eaclading new constraction) I 2.8% f #52 North East 12.8% (e�cctaaing new oonsrruct;an) 12.6% #53 West Central 8.2% (eaclading new construction) 7• #54 South East 9.4% 9.1% (excluding new conshvction) #55 South West 8.8% 8.4% (eaelading new construction) #56 Waterfront 19.8% (lncludes River and Lake Properties) (eacluding new construction) 12.5% i9Dy4N39ES5�BOARW70W'(AOSp48SALESXlSp7Clrp 1 1997 THRU 2003 GROWTH IN RESIDENTIAL ESTIMATED MARKET VALUE AND TAX CAPACITY MEDIAN SINGLE FAMILY VALUE AND TAX CAPACITY TAX YEARS 1997 THRU 2005 Median Value Percentage Tax Capacity Percentage Change Change Single Family Residential $77,700 N/A �834.00 N/A Payable 1997 Single Family Residential o 0 Payabie 1998 $80,000 2.96 /o $842.50 1.02 /o Single Family Residential $84�000 5.00% $903.00 7.18% Payable 1999 r Single Family Residential $g0,100 7.26% 5992.65 9.93% Payabie 2000 Single Family Residentia! $105,600 17.20% �1,248.40 25.76°/a Payable 2001 Single Family Residential a119,300 12.97% $1,193.00 -4.44% Payable 2002 Single Family Residential $140,200 17.52% 51,402.00 17.52% Payable 2003 Single Family Residential a152,000 8.42% �1,520.00 8.42�0 Payabie 2004 Single Family Residential �164,100 7.96% �1,641.00 7.96% Payable 2005 Current state law limits the growth in taxable value to a 15% increase from the previous years taxable value, or 25% of the difference, whichever is more. The actual median taxable market value for single-family properties in Brooklyn Center is $i47,700 for the taxes payable in 2005, which represents the typical home. I oloav�.MS5es5�8��no�moTlruwMlSC.wsNru.v.w,�iry I �4/30/2�04 2003 vs 2004 VALUATION CHANGES FOR BROOKLYN CENTER RESIDENTIAL PROPERTIES Payable 2004 TO 2005 PERCENTAGE OF PERCENTAGE OF CHANGE NUMBER OF PARCELS RESIDENTIAL PARCELS -51 to -99% 0 0.00% I -34 TO -20 5 0.07% -19%TO-10% 1 0.01% -9 TO -1 2 0.03% NO CHANGE 82 1.1% +1 TO +5% 783 10.8% +6% TO +10% 4,453 61.5% I +11 TO +20% 1,632 22.5% +21 TO +30% 182 2.5% i +31 TO +40% 49 0.7% +41 TO +50% 18 0.2% +51 to +650% 32 0.4% TOTAL 7,239 100.0% Parcels with increasin v g a�ues 7,149 9=.i P r I i a ce s w th an increase of more than 10% 1,913 26.4% Parcels with an increase of more than 20% 281 3.9% Parcels with declining values 8 0.1 Typically homes with declining values represent homes that have been damaged by fire and/or homes under renovation not completed at the time of the assessment. Note: Approximately 99°/a of all residenGai properties in Brooklyn Center will have a taxable market value that is Iess than the assessed market value for the 2004 assessment for taxes payable in 2005. Some of the larger increases were a result of adjustments to land values. o:w.P�wssesseonRrnzaa�cROwnw.x�s�wowROwrH 04/30/2004 "I 1 1 1 f! *,t i Itql ��YtFY I "��'...(S-� f. K ir L'� :d k�, �K w 2 R riiYr a.„ ti k �"N�� i f�7 41 11Y��#R 4 v„�, 1� t f "R a -t� �fl,�� +V' 4 ��%f I 4 R .w j ti r S� Crt3 1 yy�[ w� C^� C S ."r rt �}ili I s t r fiilti�T. C E�I Rr y I�� y t/1i l;1�` w S .�r r^.. a ,.w, n �K c M ��1x t��ruae tu1f1 1 �q lu t�x1i A41�sU� il 1 i�� s Yt sIk1Hl�nM� �EJ (IRS��uyHS i4{ 11 t S 4y a�iy7�Ri r 1 T/il�11H4}411 Y) °,�O' I 111f.", t[ /1 'k'4 !1� �.4 r t a�a �rtt o'�- a�« G t uu+�.�� C �AM 1# rt S .6� C!1 �lt t �t�t�� .,y S '�'Ri�" �a '"'r"i...-: t�� 'r" ie Il�!!i t# t 1iF IIfMr` i Z4 b T..� C,.� 4� kill i Af F�� tii �i�� x� e"�i$tn S s x' r' n1i�\ �II }'n �f A' A w L^ ft C 4''+. t7�.` t.. g I I i►, a ii �r� !C9 r �.�ir r'� +l� .e Y��'"� "�'�IIi�F� �t I� •r,�/ 3 G��tf,^,-� if t► r r �f) In fi t ntl� �4+ r, R 1� nr* r r i'i rs t�r i t fi fitt i{! '1 1 [4t 'r iR y" i ilif�l� x w s s �r �t t� t tl r— R ai: .�Tit ��r`" ,�a c �!G `�t �1� c r��«� s a i 11 :`�S. M� �w ir S�i.� �c ��nr �tat�R �A� r' �t�i intli C ,t i .ec +�s■ Y •=.c`'" :II 1 1 1 RESIDENTIAL SALE INFORMATION I FROM REALTORS MLS SYSTEM CITY OF BROOKLYN CENTER, MN NUMBER OF AVERAGE MEDIAN SALE YEAR SALES SALE PRICE CHANGE pRICE CMANGE o 1998 344 $98,679 11.35% $97,900 10.12 /o 1999 323 $115,439 16.98 /o $120,500 23.08 /o 2000 118 $128,456 13.47 /o $143,948 30.86 /o 2001 452 $142,706 11.09% $144,900 0.66% 2002 444 $157,313 10.24% $157,600 8.76% 2003 567 $169,248 7.59% $169,900 7.80% 2004 46 $176,400 4.23% $175,000 3.00% MLS data collected has changed starting with the 2001 assessment. MLS data now inclu� townhomes and condominiums. Average January 2000 assessed value of single family homes in Brooklyn Center is 105,600 Average January 2001 assessed value of single family homes in Brooklyn Center is 135,098 Average January 2002 assessed value of single family homes in Brooklyn Center is $140,540 Average January 2003 assessed value of single family homes in Brooklyn Center is $153,700 Average January 2004 assessed value of single family homes in Brooklyn Center is $167;574 GlDeptsIASSESSIBOAROl2004IjZ004 MLS SALES.XLS]MLS Sale 2Q03 04/3�/2�0�} :e `tx,�a 4 J y 1 F ':a� j X'°: ?a r i t o """"""1��ie"Minneapolis Area Association of REALTORS� has II lished monthl and annual {zub y housing sales reports y --�^�s�nee iW96o: The scope and detail of reports have ,.�..�.xpancJed over time as home sales have grown �,,,,�-��iroughout the region and computer technology has R s�v�ded us with more reporting options. n tar7 re orts onl mcluded ro e sales in Minnea olis _.Y P Y� P P�' P �'""�and:western suburbs. Some previous reports combined I'� ry �,�II sales together in a category called "all property types." �.tven today, the report does not distinguish between 'y ez�sting. home sales and new construction reported to ��iILS �,x most of the iggo's this report included only single -��mily,detached homes. Beginning in the year 2000, single family has been defined as single family detached, Y ��ondominiums, townhouses and twin houses and the .�e�ortonly includes sales reported from the �3 county `�etropolitan area. �'has ►nformation is published on ourweb site at .'�'"'W�tvu m w:. r plsrealtor.com. 575o Lincoln Drive, Minneapolis Minnesota 55436 95�•933•9oso www.mplsrealtor.com i i, MINNEAPOLIS AREA Association �t REALTORS" www.mptsrealtor.com 7 DISTRICT TOTAL BEDROOMS DOLLAR AVERAGE MEDIAN NUMBER NAME SALES 1 2 3 4+ VOLUME PRICE PRICE Dlvision III inneapall� i�. �rpis�Ca�hourr.�srea� �4$� v s ["�7+�'��94tz�?z, �xa vf r�x� 'o �301�JNpi�s��am�le�' �f 5� �A��. $t9� �,�4� 87,�p1�. ��'t 8�,,, 396 5�E!£� 9�L .�r ,,,342 Mp1�Getttraf z g z �.3�;�''� t58�"�' af�� t� a .�5#�� 4�'43 $f.'�`,`4F9p M 1 4on fell wir t F5;49 t�,�QO�.» �,4T� ,�2fi f• i;�;, f, ��7 �8� ��a�"�Pr�Nc,kom�s �s��,8a� tSs�o0�3 �305'M is=Florth ��,.,r�`�,� �a� f: '�`J. ,f�� 'f'20' 213;d�i�`� 0. '£�,.�F�)O(k P 417 5 84 218 j10 $5J,277.96`�2 $f42;153` $139,90b 306 Mpls-Northeast 504 15 155 267 73 $94,509,039 $187,518 $179,950 307 Mpis-Phillips 85 11 15 33 26 $12,517,875 $144,000 308 M is-powderhorn $147,269 P 358 27 105 146 80 $58,576,176 $163,621 $166,500 309 Mpls-Southwest 1,025 24 229 587 185 $308,585,596 $301,059 $257,500 310 Mpis-University 122 20 31 48 23 $26,357,698 $216,047 $210,500 �,d►�`�� L� �tali� u, t�(r cep��i� o: uYc fri�� i �o ��q.. o�rbtns�at� 8.., ��i`�„� 8, 361 C stal 5� $5�;35 $T�&�� 'Y 401 4 89 251 57 $71,680,046 $178,753 $174,900 362 NewHope 263 g 25 138 91 $51,848,296 $201�400 363 Brookl n Center $19�.�42 Y 567 5 120 342 100 $95,963,361 $169,248 $169,900 364 Brooklyn Park 1,430 10 325 583 512 $298,163,599 $208,506 $196,200 365 Maple Grove/Osseo 1,432 18 421 496 497 $364,700,768 $254,679 366 Cham�i(n 549 3 fl 0 223 213 124 3� 4 $226 442 $�7��900 �fi�'nn�e�[r�[a y ��ie"�rt�t��l!to 1Kes r f in�� h s��,. a rc��ua'�� s �±m.� �a�� a� �re��ti�l�i►e� �to� s 2�r ��f�� 379 Bloomingtoo-East 364 15 66 205 78 $71,337,864 1 380 Bloomington-West 844 45 228 294 277 $207,709,764 $295,983 $22Q, 00 381 Lake Mfnnetonka 1,020 37 193 360 430 385 Edina $493,477,879 $483,802 $349,950 914 77 230 305 302 $362,206,505 $396,287 $295,500 386 Hopkins 338 g9 113 101 35 $64,867,904 $191,917 $175,000 38T Minnetonka 811 29 207 303 272 $255,751,105 $315,353 $255,000 ��IKt;�nls t �,y, �1 �'k 19S frTe �0�' �1 5� �41ifi8`�1�`�'4S �i 2 Y f 6"�Ch�i�}h saen° 1 4 $2 3� t!0'' ..7 .u C u t �as�C j �d aS7 �fi 3� 7 2 �y $�i25 iQ$YWt��a= i �QV `,�t,,, 4 yOe �h�.� y +y T l Wc 9�� .��V.EIiAV�l.zH' �.yCY G�; Division II 600 West St. Paul 265 5 71 136 53 $51,478,013 $194,257 $183,340 602 South St. Paul pg� �p g� 175 45 $51,942,584 $178,497 $175,000 604 MendotalLilydale/Mendota Hetghts 14g g 34 58 48 $48,226,767 $330,320 $305,750 605 Sunfish Lake g $4129,000 $688167 608 Inv a Grove Hel hts 490 1 770 188 131 $115 $235 180 a6 98,250 s�4 s ��af ti s aza� �,4 p �€�'�s� s �k t :i 6zs ��,�►�co �x�r�� 626 Lakevill �0 e 1 106 6 14 2 398 560 $310,800,386 $281,013 628 Southem Dakota County 2g 0 4 9 i6 $7;629,821 $263,097 $249,450 630 Northfield 323 4 86 139 94 $66,902,940 $207,130 $260,000 632 Rice County 419 8 104 205 102 $72,469,904 $172,959 $151,300 640 Shakopee 761 B 270 273 212 $164,193.147 $215.760 $189,000 642 Prior Lake 628 20 N5 224 269 $194,378,016 $309,519 $255,000 5�4�9�aa�� a9�1.. b '4, ��,��rn 4a �5 ��aae+��.�au� �t�� r��Q4�� r GCt a�r� w i a '��d,�, 4�' ��5� 0(t4��,�� iv sion 702 Falcon Heights/LauderdalelRosevllle 524 42 120 244 118 $177,209,828 $223,683 $212,000 705 Lino Lakes/Hugo/Centerville 636 4 144 275 213 $159,700,900 $251,102 $225,000 706 North Central Surburban 437 13 163 126 135 $123,013,544 $281,496 $210,000 707 Ham l.ake 205 0 21 88 95 $63,468,408 $309,602 $298,000 708 White Bear Area 818 15 221 324 258 $223,006,206 $272,624 $223,500 709 Forestl.ake Area 565 9 116 270 170 $137,463,559 $243,298 $224,OQ0 710 Northeast Anoka County 102 1 1 g 54 29 24 230,354 $237,552 $225 900 ��Gh�s89e�"�b ;l� St.69;401.7fYc� t8, $495 387 7� iGIB�?IeYV4qtlMl��{t� aut 4 i3 Beth��' j� 7� 437"=S?3� $2td'242 y s ��789;900'� ��fil��et� a �4 32� II&. `�Z,�i2202 �g� �5227:�Qi r�� 32��;421 n t ta 2fie�� .a� �sa 2es.os2 ,�,��t5s.8oa �i55.soa �18�HIItc!HsUF�8z8� P8 DaytonS B s $OY �I �254`�� .451��s*�/�� '175 s �1251b5 300 ��SoYtlI8i3CSt.<PBUT,�.;s_.��s��',a�^ ��'=E7��:�?'e.��3��.,i��30�'-� �..99`.�:� .n,��'4Ct�r�B'.'�5`'��,<. '.�`15&nt86 5 �15Z90Q 721 LakelandlAftoMDenmark �+5�'��s� ��:$188,331. ,$775,000 96 1 22 32 41 $35 651 156 $371,366 $293,�50 722 Newport/Si. Paul ParWCottage Grove 705 4 109 302 290 $147,255,667 $208,873 $194,900 725 Pine SpHngs/Lake Eimo/Oakdale 600 4 191 231 174 $134,578,311 $224,297 $198,900 726 Woodbury 1 269 10 431 331 497 35,925,417 $264,717 245,000 727,Sttilwater/88yport g$ 728 RlVerviBwlCh9FOk88 5 tl 1f0 r 240� 203 $181�233�594 $321.336 $260�950 Z38 Home CrottlW Tth x 2� �8 59 95 `.36 $32.254,397 $161;272 at56,924 n 127 :5 3T 71 14 $20.751,976 $163,401 �_-$767,500 (Continued on page 6) m Nt��aeapous area As�iacio� or t�ni,TORS� 2003 Residentiai Activity Report February 2004 3 1 340 Buffalo 367 Hennepin County North 366 364 365 341 368 Wri ht S Henne in Coun NW P h' County 363 361 374 362 y Plymouth 360 301 306 373 305 x Golden Valley 310 II a 0 391 300 307 303 o Lake Minnetonka St. Louis Park 308 387 386 304 M M N 396 385 378 Aiiport M 398 Chanhassen E a Richfield 392 379 Eden Prairie 380 Bloomington 394 Carver County Chaska West Suburban and other areas 380 Bloomington West 340 Buffalo 381 Lake Minnetonka 341 Wright County 385 Edina I I, 342 Hutchinson 386 Hopkins 343 McLeod County 387 Minnetonka 360 Robbinsdale 391 St. Louis Park 361 Crystal 392 Eden Prairie Minneapolis 362 New Hope 394 Carver County 300 Calhoun Isles 363 Brooklyn Center 396 Chanhassen 301 Camden 364 Brooklyn Park 397 Chaska 370 Sibley County 3 365 Maple Grove/Osseo 398 V'ictoria r 303 Longfellow 366 Champlin 304 Nokomis 367 Hennepin Co Norrh 305 North 368 Hennepin C. NW 306 Northeast 370 Sibley County 307 Phillips 373 Golden Valley 308 Powderhorn 374 Plymouth 309 Southwest 378 �chfield 310 University 379 Bloomington East �2 2003 Residential Activity Report February Zoo4 M��►eaPous Area assooiauon of �ai,�roxs• r r �s CITY OF BROOKLYN CENTER 2004 TOWNHOME SALE ANALYSIS SALES FROM OCTOBER, 2002 TO SEPTEMBER, 2003 NBHD TOWNHOME COMPLEX of Units SALES AVG. SALE PRICE 100 Evergreen Estates 8 ,1 $117, 800 105 Rosemary Terrace 10 0 No Sales 110 Humboldt Square 8 1 $120,000 115 Riverwood 21 3 $142,278 120 Brookwood 32 3 $165,633 125 Northbrook Esk 8 0 No Sales 130 Madsen Floral 28 1 $149,900 140 Moorwood 36 1 $158,500 150-152 Hi-Crest 60 5 $143,303 160 Earle Brown Farm Estates 100 16 $130,004 170-172 Earle Brown Farm Townhomes 20 1 $139,900 180 Creek Villas 103 7 $147,000 190-194 Mallard Creek 206 28 $141,935 195 Beard Ave 4 2 $113,000 I 196 Riverwood Estates Townhomes 21 6 $205,871 I Totals 665 69 I TOWNHOME SALES BY STYLE SALES TOWNHOME STYLE AVG. MKT VALUE AVG. SALE PRICE 8 Ramb/er $131,288 $133,658 26 Spiit Entry Split Foyer $150, 873 $147, 076 1 Split Level $148,800 $149,900 1 1 9/2 Expansion $127,600 $139,900 33 Two Story $135,403 $137,915 Rambler average does not include new construction sa/es from Riverwood Est. TH's G:\Depts�ASSESS180ARD�2004�[THSALES.XLS]Townhomes Sales 2004 i Growth Analysis of Townhome Neighborhoods 2004 Assessment Nbad Townhome Complex Percent of Growth 100 Everqreen Estates 13.5% 105 Rosemary Terrace 31.9% 110 Humboldt Square 18.3% 115 Riverwood 20.8% 120 Brookwood 15.6% 125 Northbrook Estates 11.7% 130 Madsen Floral 11.2% 140 Moorwood 13.8% 150 -152 Hi-Crest 5.9% 160 Earle Brown Farm Estates 6.4% 170-172 Earle Brown Farm Townhomes 12.8% 180 Creek Villas 18.3% 190 -194 Mallard Creek 11.5% 195 Beard Avenue Condo's 14.8% 196 Riverwood Estates N/A Townhomes in Brooklyn Center saw an average increase of 12.4% in the 2004 assessment for taxes payable in 2005, excluding new construction. �2�0'��:.t�lE�iC�'i0.�:.�:::��S�d�k1'1'�A':��t:�:��1.'L��::�'k`� :��Y:::::::::::: o�osioa �P. �.l�... 7 MUNICIPALITY #SALES MEDIAN MEAN COD MUNICIPALITY #SALES MEDIAN MEAN COD �LOOMINGTON 938 4.41% 95.5% 96.3% 6.7 MEDINA 46 3.51°h 96.1°�(i 101.2% 107 BROOKLYN CENTER 440 6.04% 97.0% 97.4% 5.8 MINNEAPOUS 0 0.00% 0.0% 0.0% OA �ROOKLYN PARK 1016 6.63% 94.7% 95.0% 5.6 MINNETONKA S24 4.06% 95.9% 96.3% 5.9 �HAMPLIN 385 6.07% 86.3% 95.8% 4.6 MINNETONKA BEACH 11 4.82% 95.2% 95.5% 6.8 CORCORAN 43 2.79% 95.2% 95.0% 7.2 MINNETRISTA 63 3.94°l0 95.4% 93.9°h 5.9 �RYSTAL o 0 412 5.64% 95.3/0 96.2% 6.8 MOUND 195 6.00% 95.5% 95.9/0 9.0 �AYTON 35 2J2% 96.1% 96.9% 6.4 NEW HOPE 232 5.09% 95.5°k 95.8°k 5.7 DEEPHAVEN 59 4.24% 95.7% 95.8°k 5.1 ORONO 131 4.51% 96.0% 97.5% 8.5 �DEN PRAIRIE 684 5.58% 95.9% 95.8% 5.2 OSSEO 27 4.49% 97.0% 95.5% 7.4 �DINA 535 4.27°k 96.0% 96.7% 6.4 PLYMOUTH 766 5.07% 96.5% 96.1% 5.9 EXCELSIOR 15 3.13% 96.3% 98.9% 5.6 RICHFIELD 533 5.41% 94.9% 95.8% 5.3 'GOLDEN VALLEY 289 4.80% 94.9% 95.7°k 7.9 ROBBINSDALE 284 6.61% 95.1°k 95.9% 3.2 ,GREENFIELD 30 4.13% 95.4% 957°k 7.1 ROCKFORD 0 0.00% 0.0% 0.0% 0.0 GREENWOOD 15 5.21% 95.5% 96.1% 3.8 ROGERS 86 4.91% 96.0% 97.5% 5.6 �HANOVER 2 1.57% 96.1% 96.1% 2.9 STANTHONY 71 4.11% 94.8% 94.7% 6.4 'HASSAN 23 3.00% 95.0% 95.6% 5.1 ST BONIFACIUS 48 7.09% 95.0% 94.5% 4.3 HOPKINS 137 5.86% 95.1% 95.8% 5.8 ST LOUIS PARK 742 6.45% 96.0% 96.6% 6.2 �INDEPENDENCE 34 3.11% 95.8% 96.4% 7.5 SHOREWOOD 96 4.24% 87.7% 99.1% 8.4 LONG LAKE 29 5.80% 96.4% 93.4% 4.5 SPRINGPARK 6 3.00% 95.1% 94.8% 5.2 LORETTO 8 4.28°k 95.5% 97.8°k 6.9 TONKA BAY 28 4.57% 96.9% 95.4% 6.9 MAPLE GROVE 697 5.08°k 95.8°k 96.5% 5.1 WAYZATA 38 4.09% 95.4% 93.8% 8.3 MAPLE PLAIN 18 3.50% 96.5% 98.9% 5.0 WOODLAND 3 1.60% 95.4% 96.1% 8.8 MEDICINE LAKE 8 6.50% 95.1% 96.5% 10.5 •PROPERTY TYPES: B,BJ,D,DJ,P.R,RL "•2004 EMV 10-2002 THRU 9-2003 SALES '"'TOTAL FIGURES (EXCEPT SALES) ARE WEIGHTED MUNIC AVERAGES i BROOKLYNCTR 3/1/2004 �e:�� s�� 'i"'J�'i/� RESIDENTIAL STATISTICS SALES:441/7290 6.0%' CONDO STATISTICS SALES:10/234 4.3% APTS=A,HL ��i.i ��LJ DIRECT RATIOS MEDIAN MEAN COD DIRECT RATIOS MEDIAN MEAN COD COM=C,GC,NP 2004 97.0% 97.5% 5.8 2004 96.9°h 97.1% 3.2 'FARM=6F,F,FF,FP 2003 88.4% 88.7% 6.7 2003 90.8% 90.5°�6 2.9 LAND=LA,LC,LI,LL,LR RES=B,BJ,D,DJ,P,R,RL O� INFERRED RATIOS SALES GROWTH: 9J% INFERRED RATIOS SALES GROWTH: 7.2°� OTHER=CHANGED PROP TYPE r SAMPLE GROWTH: 9.5% PROP TYPE GROWTH: 9.2% SAMPLE GROWTH: 7.4% PROP TYPE GROWTH: 8.9°k X MEDIAN: 96.8% X MEDIAN: 96.5% X MECIIAN: 97.5% X MEDIAN: 96.9% X MEAN: 97.1 X MEAN: 96.9% X MEA}V: 97.2% X MEAN: 98.6% COM/IND STATISTICS SALES:6/202 3.0°k RES ON LAKE STATISTICS SALES:5/109 4.6% TOWNHbUSE STATISTICS SALES:65/646 10.1% DIRECT RATIOS MEDIAN MEAN COD DIRECT RATIOS MEDIAN MEEW COD DIRECT RATIOS MEDIAN MEAN COD 2004 103.5% 104.7%0 5.2 2004 92.4% 98.0°Jo 10.4 2004 98.7°k 100.2% 5.4 2003 91.6% 95.7% 13.2 2003 75.9% 80J°k 10.8 2003 87.5% 89.0% 5.9 INFERRED RATIOS SALES GROWTH: 10.0% INFERRED RATIOS SALES GROWTH: 21.7% INFERRED RATIOS SALES GROWTH: 12.6% SAMPLE GROV1l1'H: 9.3% PROP TYPE GROWTH: 1.4°k SAMPLE GROWTH: 17.9% PROP TYPE GROWTH: 22.1 SAMPLE GROWTH: 12.0% PROP TYPE GROWTH: 12.2% I X MEDIAN: 100.1% X MEDIAN: 92.9% X MEDIAN: 89.5% X MEDIAN: 92.7°h X MEDIAN: 98.0°k X MEDIAN: 98.2% X MEAN: 104.6% X MEAN: 97.0% X MEAN: 95.1 X MEAN: 98.6% X MEAN: 9�9.7% X MEAN: 99.8% APARTMENT STATISTICS SALES:6/98 6.1% RES OFF LAKE STATISTICS SALES:436/7181 6.1% DB, TP STATISTICS SALES:5/56 8.9°/a DIRECT RATIOS MEDIAN MEAN COD DIRECT RATIOS MEDIAN MEAN COD DIRECT RATIOS MEDIAN MEAN COD 2004 104.2% 107.0°k 3.8 2004 97.0°h 97,5% 5.7 2004 98.9% 104.1 8.6 2003 101.0% 98.4% 3.3 2003 88.4% 88.8% 6.6 2003 87.6% 87.6% 8.6 INFERRED RATIOS SALES GROWTH: 7.8% INFERRED RAT(OS SALES GROWTH: 9.5% INFERRED RATIOS SALES GROWTH: 19.1% I SAMPLE GROWTH: 7.7% PROP TYPE GROWI"H: 6.1 SAMPLE GROWTH: 9.3% PROP TYPE GROWTH: 8.9% SAMPLE GROWTH: 35.1 PROP IYPE GROWTH: 19.7% X MEDIAN: 108.8°k X MEDIAN: 107.2% X MEDIAN: 96.6% X MEDIAN: 96.2% X MEDIAN: 118.3% X MEDIAN: 104,g% I X MEAN: 106.0% X MEAN: 104.4% X MEAN: 9T.1% X MEAN: 96.7°k _X MEAN: 118.3% X MEAN: 104.8% STRATIFICATION(SINGLE FAMtLY HOMES) RZ STATISTICS SALES:O/0 0.0% BY EMV BY PRICE DIRECT RATIDS MEDIAN MEAN COD 2004 0.0°k 0.0% 0.0 321 UNDER 175K 96.6% 260 UNDER 175K 89.5% 2003 0.0% 0.0% OA 122 175-250K 100.6% 182 175-250K 95.2% 2 250-350K 91.3% 3 25D-350K 88:6% INFERRED RATIOS SALES GROWTH: 0.0% 2• 350-500K 84.5°k 2 350-500K 84.5% 0 500-700K 0.0°k 0 500-700K 0.0% SAMPLE GROWTH: 0.0% PROP TYPE GROWTH: 0.0% 0 700K-1 MIL 0.0% 0 700K-1 MIL 0.0% X MEDIAN: 0.0°k X MEDIAN: 0.0% 0 OVER 1MIL O.U% 0 OVER 1MIL 0.0% X MEAN: 0.0% X MEAN: 0.0% I.� �6'G� 1v 1- ResidentiaT,2004:Valaes Residextial 2004 Valaes REYISED D3/01/04 I I I u I I Tarqet 97.5 I Number I Median Averaqe I Averaae I Average Ratio I# Ratios I% Rados I# Rafios I% Ratios Area of Sales Rauo C.O.D. Change tana Va�ue E.M.V. Sale Price Ran e Under 85 Under 85 Over 106% Over 106% �W. City (All Residentiaq Ci .ty (SF 50-5� 448 97.0 5.5 91 S 42.729 S168S62 5173,658 I 83.2-120.1 4 0.89 51 11.38 4/03 9/03 (SF 50-5� 274 94.8 I 5.3 I I 5170,083 5179,212 I 52.6-1201 I 6 2.19 I 13 I-4.74 I I I I I I I I I I I I I N 50 11 9&3 4.3 7.3 I S 44.434 I 5214,073 I 5221�682 831-103.4 1 I 9.09 I 0 0.00 N 51 I 6S 96.9 I SS 8.4 41.868 I S171S51 5177�i87 84.3-1151 1 I 1.47 I 8 I 11.76 N 52 62 I 98.4 I 4.9 I 8.4 I$ 41,455 I S174,347 I 5177.104 SS.6-120.1 I 0 I 0.00 I 7 �I 11.29 N 53 I 132 I 96.3 I 5.0 I 8.1 I S 41,319 I 5167,006 I$173,145 I 84.6-118.3 I 1 I 0.76 I 10 I 7.58 N 54 129 I 97.9 I 6.2 10.9 S 39.602 $157360 I$160532 I 86.1-116.3 I 0 0.00 23 I 17.83 N 55 I 42 I 96.2 I 5.0 I 8.2 I S 41,082 I 5165,886 I$173,859 I 84.7-107.1 I 1 I 2.38% I 2 I 4.76 N56 (RL's) I 4 I 92.4 I 10.3 I 22.1 I S 148,20 I S 33q,875 I 5364,375 I 86.3-102.8 I 0 I 0.00 0 I 0.00 p suc�ess oz I i I 93.3 I 1 I s i3i.soo I s 2as,soo I I I I I I I I_ I I I I I I .(�1 93.3 0.00 0.00 4aUClass 03 I 3 98.3 I 4.5 I I s 275.367 S 295,467 SG4100.0 I I#VALUE! I I 0.00 4aVClase 04 I 4 I 101.0 I 5.2 I I I$ 243,850 I S 259,475 82.6-103.4 I 1 I 25.00 I 0 I 0.00 OaVClass OS 8 100.6 I 3? I I I g 204,650 S 205,995 89.9-107.1 I 0 0.00 I 1 I 12.50 QaUClass 06 81 99.1 5.9 S 185,795 I S 188.051 83.2-120.1 1� I� 1.23 I 15 I 18.52 gaUClass 07 I 330 I 963 5.2 I I S 163.469 S 169,758 83.3-118.3 4 1.21 26 7.58 gaUClass OS I 18 I 102.8 I 6.7 I I I S 134,206 I$ 132,019 I 89.4-114.0 I 0 I� 0.00 8 44.44 OaUClau 09 I 3 I 97.1 0.9 I S 110.133 I S 113,966 I 94.8-97.6 I 0 I 0.00 I 0 f 0.00 QaUClass 10 I 0 I I I I I I I I I I OaVC�ass 11 I o I I I I I I I I I oaUCla� 12 o I I I f I I I I I I I I I I I I I I I I I I I I I I I I I I I Sale Price under 5100,000 I 1 114.0 S 110500 S 96,9110 I 114 I I 0.00% I 1. I 100.00 Sale Price 5100,001 to 5120,000 7 108.8 5.9 I I, g 115,457 S 111,171 93.8-111.6 0.00 4 57.14 Sale Price 5120,001 to 5140,000 20 I 105.0 I 5.5 I I I S 139,100 I S 132.293 94.2-118.2 I 0 I 0.00 I 9 I 45.00 Sale Price SI4Q001 to 5160.000 72 101.3 5.8 S 156,986 S 153,965 86.1-120.1 0 0.00 21 29.1'7% Sale Price S160,001 to 5180.000 I 218 I 96.4 I� 4.5 TS 164,077 I$ 170,363 84.7-112.0 1 0.46 9 4.13 Sale Price 5780,001 to 5200.000 96 95.6 5.6 I I I S 179,734 S 188�607 84.6-1171 I 1 1.04 I 6� I 6.25 Sale Price 5200,001 to 5250,000 I 29 93.3 I 5.0 I I S 203586 I S 214.801 I 84.3-105.7 I 1 I 3.45 0 I 0.00 Sale Price 5250,001 to 5300,000 I 2 I 91.2 I 8.8 I I I S 246,550 I S 268,750 833-99.3 I 1 I 50.00 0 0.00 Sale Price 5300,001 and Over 3 83.3 1.5 S 328.867 I S 390,833 I 82.6-86.4 I 2 I 66.67 I 0.00 I I I I I I I I I I I I EMV under 5100,000 I i 9a.s I I I I s �,eoo I s ioi,s�9v I 94.8 I o I o.00 r I o I o.00 i EMV S140,001 to 5160,000 JO 94.2 I 5.2 I I� I S 153 011 I S 161,705 84.6118.2 1 I 0.77 I 10 I 3333 EMV 5100,001 to S120,000 3 I 97.1 6.9 I I S 307,100 I S 105,967 I 93.8-114.0 I 0 0.00% 4 25.00 7.69 EMV 5160,001 to $180,000 I 211 I 97.5 I 5.1 I I I S 168A13 I S 173,307 84.3-118.3 1 0.47% I 22 I 10.43 EMV 5180,001 to S200,000 61 100.3 5.1 I I� I S. 188,556 I S 189,231 I 86.0.120.1 I 0 I 0.00 8 F 13.11 EMV S2 0 to S3W,000 2 103 8.7 -I I S 281.000 i S 213,491 I 83.2-117.1 I 1 I 4.55 5 I 22.73 t S 310,000 83.3-99.3 1 50.00 0 0.00 EMV 5300,001 and Over I 2 I 84.5 I 2,2 I I S 353,750 S 418.750 52.6-86.4 I 1 I 50.00 I I 0.00 i i i r i i i i i i Rambler I 323 I 96J I 5.6 I t 5167156 5172,888 82.6-118.3 4 1.24% 39 12.07% Solit Entrv I 29 I 98.8 I 4.4 I I I S184 I S187J76 86.1-120.1 I 0 I 0.00 I 2 I 6.90 Split Level 22 97.1 3.7 5176�805 I 5180,646 I 89.9-105.7 0 I 0.00 I 0 I 0.00 1 1/4 Exo. I 55 I 973 I 6.4 I I I 5157�824 I 5163.861 I 83.3-114.5 1 I 1.82 I �7 I 12.73 1 1/2 Exo I 11 I 95.6 I 5.7 I I 5166,200 I S171,452 I 88.4-109.9 I 0 I 0.00 I 2 I 18.18 13/4Exo. I 1. I 96.8 I I I 5218,300 �S225S00 I 96.5 I I I I 2 Story 7 100.3 1.4 1� 5203,300 I 5202.293 I 97.3-104.6 I 0 0.00 0 0.00 HSahwav/Freeway (-.04) 21 96.9 5.7� S160J90 5365.940 87.6-112.1 0 0.00% 3 ...I 14.29% Apartments (-.04) I 11 I 98.6 I 4.6 I I 5164.345 I S171,669 849-103.0 I 1 I 9.09 I 0 0.00 CommercialHndustrial (-.01) I a I vs.s I z.a I I I Si�e.oso I si��.o�s I�.s I I o.00r I I o.00i Thru Street I 49 I 96.3 I 6.2 I I I S159,315 I S166.806 I 84.3 I 1 I 2.04 I 5 I 10.20 Railroad I i I ioz.a I I I I siaz,aoo I 5139 .00o I ioz.a I I o.oai I o I o.00i Park (+.03) 22 99.1 I� 5.4 I I I $181145 SI82,381 86.7-114.5 0.00% 3 13.64 Ai ort (�03) 2 101.5 0.1 S180,300 5177,500 101.4101.7 0.00% 0.00 AII Townhouaes (6371 70 98.7 5.1 12.4 S 21234 5140.540 5140,775 90.0-120.4 0 O.00y 12 17.14Y• RAMBLERS I 9 95.9 4.2 j130.044 j132,140 93.7-110.3 0.00%� 2- 22.22% SEisF I 26 I 99.8 I 5,8 I I I;150,873 I S747,076 92.8-118.6 I 0 0.00 I 7 2&92 SPLIT LBVEL I 1 I 98.3 I I I I� 5148.800 I 5149.900 I 99.3 I 0.00 I 0 I 0.00 1 vz Exo I 1 I 97.2 I I I I 5127.600 I j139,900 I 91.2 I I 0.00 I I 0.00 z sioav I 33 I 9T.7 4.6 I� I;735,403 I 5137,915 1 90.0•120,4 I I 0.00 I 4 I 12.12 I I I I I I I I I I I#DIV/0! Condominiums 9 97.5 I 2,9 I 7.4 I S 12 504 1 5100,000 I 5102,697 I 91.7-104,2 I e tt Double's 4 97.8 2.7 18.6 S 47.204 5259,300 5266.475 92.9-101.5 0 15 month I I• I I I I I I I I I HTUiI1�Residrntial�Ratios\f2004 Res Ratios.XI.S1Prelim 2004 Asmt I i I I I I I I 5/02/02 COMMERCIAL AND INDUSTRIAL ANALYSIS 2003 VS. 2004 2003 2004 New o,6 Change Change Type of Prope�'t)► EMV Totdls EMV Totals ConstruCtion Exciuding improv. Inciuding Improv_ Auto $10,325,600 $10,404,6a1 $0 0.8% 0.8% Auto Dealers $25,065,000 �26,876,100 $0 7•2% 7•2% Banks $6,024,800 $6,537,100 $0 8.5% 8.5% Bowling $1,608,800 $1,600,0(10 $0 -0.5% -0.5% Day Care $63'7,000 $688,000 SO 8.0% 8.0% Fast-Food $3,382,300 $4,024,7011 $579,200 1.9% 19.0% Greenhouse Farm $763,000 $794,100 $0 41 4.1% Heaith Club $4,641,500 $4,742,800 $0 2•2% 2-2% Hotei Motel $38,083,900 $37,129,000 $0 -2.5% -2.5% Vacant Land $11,861,200 �12,104,900I $0 2_1% 2.1% Medical0ffice $9,817,500 $10,539,400 $0 7.4% 7.4% Office Large $26,920,000 $29,042,500 $0 7.9% 7.9% Office Small $10,784,800 $ll,729,500 $0 8.8% 8.8°/a Office Condominiums $1,841,800 $2,027,700 SO 10.1% 10.1% Restaurant $13,015,900 $I2,908,800 520,000 -1.0% -0.8% Retail $71,166,000 $67,203,600 $140,0tl0 -5.8% -5.6% Shopping Genter $88,719,200 $89,382,600 5824,70!! -0.2% 0.7% Theater $11,500,000 $11,500,000 SU 0.0% 0.0% Commercial Total $336,158,30Q 5339,235,40t1 $1,563,900 Q.5% 0.9% Industnal North $61,768,400 $59,046,400 $1,300,000 -6.5% -4.4% Industria! South $30,805,000 $35,086,800 $3,628,SIN1 2.1% 13.9% Industrial Total $92,573,400 $94,133,200 $4,928,500 -3.6% 1.'f% Total C� I Assessment $428 73I 700 5433 68 600 56,492,4011 -0.4% l.l% G:�DeptsWSSESS\SPREDSHTWssessor12004cia1[2�04 Growfh.XLS]20U4 C I ovovos APARTMENT ANALYSIS 2003 VS. 2004 X c�an� 2ooa a�� zooa a�rape 2003 EMV Totals 2004 EMV Totals N@W C6fIStfUGU011 ExchNieg Imprav. Avenge EMV eNn/ Perunit epaV r+er Urot 4-5 UnNs g6,p35,000 Sy.p57.000 SO 16.9% 5352.85Q 588,213 575,900 6-8 Units �Z,204,000 52.241.000 So 1.9% 5373.500 565.912 �64.800 10.12 Units 57.856.000 58.126.000 SO 3.494 5625.077 555.658 $53,800 18-36 U11itS $12.36Q.00(i S13_002_6011 SO _5_2 51.�733 SSS.U96 553.800 48-75 Units 532,698.000 533.080.500 S15_oo0 1.296 53308.050 555,479 $55,700 76 $101.775.90Q 5111.582.900 52.560.000 9_9% 57.458.860 550.149 546.3M! I Totai ADartrnent Asmt $162,92&900 S17S,390,(q0 52,575,000 61 561,833 $5�,383 I G:10ep�{RSSESS�SPRE�5HI7Nsse�a12009daV�2009GrmHh.XLS12(q4Mts I III �a POWERPOINT PRESENTATION Cit of Brookl n Center y y ZOa4 Board of A eal and E u�lization pp q 20�4 Brooklyn �enter Board ofi A��eal and Ec�ualization Meetinc� A�enda: 1. Meeting called to order, roll call. (7:OOpm) 2. The sta#ement of the purpose of Board of Review and a review of the board's duties. 3. The Assessor's Report. 4. Appearances by taxpayers with appointments A. William Kenney, 7036 Willow Lane N. B. Steven Janet Jordan, 6640 West River Rd. C. Lawrence Marofsky, 7022 Brooklyn Blvd. D. Erma Myers, 7030 Brooklyn Blvd. E. Michael Barbara Nelson, 7034 Brooklyn Blvd. F. James Lucille Huber, 7070 Brooklyn Blvd. 5. Appearances by taxpayers without an appointment 6. Consideration of written appeals. 7. Adjourn iy Pur�ase of the Local Board of A�peai and Equatization Minnesota Statutes, Section 274.01, provides that the governing body of each city or a duly appointed board will serve as the local Board of Appeal and Equalizatian. This review is held each spring. The board has the responsibility to review the assessed valuation and classification of property within the city. This year's review is limited to the 2004 assessment; which affects taxes payable in 2005. The review by the board should focus only on either the market value or the classification of each �roperty. The board should not directly concern itself with issues of actual property taxes of a particular property. Duties of the Loca� Board of Ap�eal and Ea�ualization 1. See that ail taxable property is properly assessed, valued, and classified. 2. Add any omitted property to the assessment. Limits of Authorit� for the Local Board of A��eal and Ec�ualization The authority of the board extends over individual parcels only. Changes of value are made to the estimated market value. No changes may be made by percentage, class, or property type. Changes in the aggregate assessment may be made by the state board of equalization. j The total of all changes made by the local board of review must not reduce the aggregate assessmenfi by more than 1%. Should this occur, than none of the changes of the local board of review will be allowed. This limitation does nof apply to clerical corrections. The local board of review does not have the authority to reopen previous assessments. An example of this is the 2003 assessment for the taxes payable in 2004. Homeowner's that received their 2004 tax statement in March, 2004, are not able to appeal the 2003 estima#ed market value listed. Should the board wish to raise any assessment, the owner must be notified. It is necessary for a majority of the board be present for any valid board action to be taken. The board should carefully consider any cases where taxpayers feel aggrieved by the proposed assessment. All available evidence should be considered. The board then has authority to adjust the assessment as it deems just. The initial 2004 meeting is scheduled for May 3rd. The board must complete its work within 20 days or receive a written extension from the Commissioner of Revenue. Any actions taken after 20 days without an authorized extension will be I, invalid. The assessor's recommendation is to complete all board business at the I first meeting, if possible. Shoufd a second meeting be necessary, it must be held no later than Sunday, May 23, 2004. A motion to sustain the assessment or to adjust the assessment may be made upon completion of the discussion of each property or may be held until all appeals have been heard. Review Procedures 2Q04 Assessment, Informal 1. Discuss assessment procedures and the valuation methodologies employed by the assessor's office. 2. Review market information, sales and property characteristics with the owner by phone or in the assessor's office. 3. Provide the owner with nearby assessed values and/or sales of hornes similar to the subject property. 4. Suggest the owner have a market analysis provided by a local Realtor. 5. Review by physically inspecting the property and recalculating the value based on characteristics gathered in the new inspection. 6. Discuss with the owner the valuation recommendation based on the review perFormed. Review Procedures 2004 Assessment, Formal 1. Local Board of Appeal and Equalization 2. County Board of Appeal and Equalization 3. Minnesota Tax Court 4. Abatement i Summar}� The assessor's office will make every effort to resoive as many questions possible prior to the board. Those property owners still wishing to be heard at the board will be given an opportunity to express their individual I concerns. The assessor's office will have an appraisal prepared for all properties where the owner has notified the assessor's office of their intent to appear at this year's board of review. A copy of this report will be provided to each board member and the property owner. Please remember that the issue at hand is the market value or classification of the properky at hand, not the taxes. Cases that the board feels may be too difficult or complex to decide may be affirmed. The property owner will then have the opportunity to continue on to the County Board of Appeal and Equalization. What is Market Value? "1Vlarket value is the most probable sa/e price of a property in terms of money in a compefitive and open market, assuming that the buyer and seller are acting prudently and knowledgeably, allowing sufficient time for the sale, and assuming that the transaction is not aff�cted by undue pressures." The Appraisal Process The appraisal process is accomplished through specific steps. It is the appraisers goal to develop a well-supported value conclusion that reflects all of the pertinent factors that influence the market value of a property. To achieve this goal, an appraiser studies a property through three different approaches to value. The three approaches are described as follows: The Cost Approach The cost approach value is estimated as the current cost of reproducing or replacing the improvements, minus the loss in value from depreciation, plus the site value. The Sales Comparison Approach The value is indicated by recent sales of comparable properties in the market. Sales used in this approach are recent sales that are open market, arms lengths transactions. The Income Approach The income capitalization approach to value is to determine an indication of value based on the capitalization of the net operating income. The net operating income is determined by using the potential income, whether actual or market, and subtracting the expenses and vacancy. Cont'd. Appraisai techniques are applied within the three approaches to derir�e indications of real property value. One or more approaches to value may be used depending on their applicability to the particular appraisal assignment, the nature of the property, and the availability of data. From the approaches applied, the appraiser derives separate indications of value for the property being appraised. To complete the valuation process the appraiser integrates the market research, data analysis an the application of the three approaches to form a value conclusion. Residential properties are valued by mass appraisal, which incorporates a cost/market application of value based on characteristics. Rates are determined for characteristics based on a market i based cost approach and then verified by studying the market sales of comparable homes with the same characteristics. I artment ro erties use the three a roaches to value if a licable. II C�mmercial, Industria an� ap p p pp pp For example, if a property is owner occupied and does not receive rental income, a market estimate must be used. In the case of owner occupied properties the market and cost approach would have more weight in the overall reconciliation of value. Classificati+�n Issues In addition to appeals concerning the valuation of property, theBoard may also consider appeals of the classification of the property. I Minnesota uses a classification system to shift the burden from one group, or class, of property to another. Examples include homestead residential, non-homestead residential, apartments (four or more units), agricultural, commercial, and "contiguous" commercial. Depending on the classification, a property may have a tax {iability of approximately one-half of a percent of its value to nearly five percent ofi its value. Due to the significant differences in tax liability, it is natural for owners to seek the most advantageous classification for their property. There are however, specific rules and requirements regarding these issues and the documentation necessary to prove the qualification for the requested classification. In Cases that are unusual, we normally review the matter with the Hennepin County Assessor's Office and/or I� the Hennepin County Attorney's Office. Because of this prior research, we would anticipate that any classification issues which come before the Board may be of an unusual, or technical, nature. We would advise caution on these issues. Depending upon the situation, the Board may wish to have a formal legal opinion as the basis of it's action. If this opinion cannot be obtained in a timely manner, the current classification should be affirmed and the matter referred to the County Board of Equalization. 2003 Reinspection Program for the 2004 Assessment During fhe summer of 2003 our office conducted re-inspections for the 2004 assessment of the residential properties located South of 69t" Ave N., East of Shingle Creek Parkway, West of Hwy. 252 and North of 57tn Avenue N. In addition to all single-family homes located in this review area, alt townhouses, double bungalows and triplex's within the city were physically reviewed. This review area consisted of approximately 1,769 residential properties. All parcels were inspected from the exterior and the assessor's office inspected the interior of 72% or 1,283 homes. The interior inspection percentage is down from previous years due to the elimination of a second mailing to remind the owners to set an appointment. This was done as a cost saving measure. The re-inspection process began in mid May, and was essentially completed by the end of September. The re- inspections were performed by City Assessor, Nancy Wojcik;; Appraiser Jill Brenna, Appraiser Technician, Karen Casto, and Assessment Data Collector, Brent Fogal. Following the review of the scheduled area, our focus switched to the residential properties with new improvements, commercial/industrial and apartment properties,. All permit review inspections were completed by Appraiser I, Jill Brenna. The review of new improvement permits added an additional 1,303 residential properties, approximately 700 of these properties required exterior inspections, and approximately 400 required interior inspections. We estimate that the total number of residential properties reviewed in 2003 was approximately Z, 469. i I Asses�ment Valuatian Procedures Residential Sales occurring in the prescribed study period, October 2002 through September 2003, are analyzed by comparing them to the previous assessment and the preliminary assessment in process. Adjustments are then made either to the land values or to the computerized rate tables empfoyed by the CAMA system in calculating the building values. This computer assisted mass appraisal system allows the assessor's office to value properties according to their individual characteristics. Examples of these characteristics include age, condition, size, style, amenities, functionality, and location. The preliminary final assessment is then analyzed statistically to ensure accuracy and uniformity. This process is greatly assisted by the relatively large sample of residential sales each year, giving the statistical analyses a high degree of reliability. The Brooklyn Center residential assessment falls well within all accepted measurement guidelines for mass appraisal accuracy and uniformity. Apartment The apartment assessment is based on a combination of market sale activity and analysis of the rental market. Even in years without adequate sale information, changes in rental rates and occupancy levels are valid, accurate measures of changes in market value. Apartments are sold primarily for their potential to generate future income for the buyer. Therefore, the analysis of the likely (economic) income is a proven and widely accepted approach to valuation. Commercial Industrial i The valuation of these properties is primarily accomplished through an analysis of #he rental market, potential income, and the sale market. What are typical investor expectations? What are typical investor y�eld requirements for different market segments? These are two key questions where market activity can provide some guidance. The potential market (economic) income to a property is best estimated by analyzing recent leases, rental listings, and published data like the Real Estate Tracking Service of the Minnesota Real Estate Journal or the Colliers Towle Report. All of these sources and more have been employed by the assessor's office to ensure that the current assessed values follow the market as closely as possible. 2004 Assessment Tax Capacity Payable in 2005 Property Type Breakdown FARM ppARTMENT 0% 10% I COMMERCIAL 28% RESIDENTIAL 54% �i 3PtDUSTRIAL 8% APARTMENT COMMERCIAL INDUSTRIAL RESIDENTIAL FARM COMPARISON OF THE BROOKLYN CENTER ASSESSED VALUE BY PROPERTY TYPE PAYABLE 2004 TO 2005 TAXES Total Pay 2004 Percentage of Total Pay 2005 Percentage of Pro�erta/ Ty�e Valuation Pay 2004 Va1ue Valuation Pay 2005 Value APARTMENT $162,976,100 10.12% $175,582,000 9.76% COMMERCIAL $305,091,000 18.94% $311,974,000 17.34% INDUSTRIAL $89,208,900 5.54% $93,496,400 5.20% RESIDENTIAL $1,053,225,400 65.38% $1,217,640,600 67.68%0 FARM $367,000 0.02% $385,000 0.02% TOTALS $1,610,868,400 $1,799,078,000 City of Brooklyn Center TAX RATES PAYABLE 2004 (applied to 2003 assessment) Juriscictions sd 011 I sd 279 I sd 281 I sd 286 Couniv 47.324 47.324 47.324 47.324 Ciiy 52.437 52.437 52.437 52.437 School 21.05 23.709 34.258 39.892 Watershed 0 0 0 0 Sewer 0 0 0 0 Metro 3.502 3.502 3.502 3.502 Other 3.986 3.986 3.986 3.986 Total Extension Rate-all 128.299 130.958 141.50T 147.149 Total (County, Metro Other► 54.812 54.812 54.812 54.812 HRA LevY 1.256 1.256 1.256 1.256 I I CItY with HRA 53.693 53.693 53.693 53.693 Total "OfherSpecialTaxingDisbicts" eucludfnq the HRA 54.812 54.812 54.812 54.812 Tota/ ExtensJon Rate- a/! 129.555 132.214 142.7B3 148.397 Clty Market Velue Rate 0.04844 0.04844 0.04844 0.04844 SchoolDistMarkefValue Rate 0.143430 0.169580 0.165800 _0.147220 Solld Waste Fee Taxab/e Market Value 0.01786 0.01786 0.01786 0.01786 Tota/ Market Va/ue Based Rate 0.20973 0.23588 0.2321 0.21352 Comparison of Total Residentiai Estimated Market Value and Total Limited Market Value for Assessment Years 2002 2007 $2,0oo,00a,00a $�,eoo,000,000 $1,600,000,000 $1,400,000,000 I $1,200,000,000 Y O� a I $1,000,000,000 a e I �800,000,000 $600,000,000 I a400,000,000 00 000 000 �I I' 2002 2003 2004 2005 2006 2007 I ■EsUmatedMarketValue $1,130,494,300 $1,251,467,200 $1,377,621,800 �1,515,383,980 $1,666,922,378 $1,833,814,616 Limited Market Value $936,440,600 $1,053,278,600 $1,217,640,600 $1,400,286,690 $1,6t0,329,694 a1,833,614,616 ■Value Held From TaxCapacity $194,053,700 f $198,188,600 $159,981,200 $115,097,290 $56,592,685 $0 CHANGES MADE TO 2004 ASSESSMENT CITY OF BROOKLYN CENTER I OVERALL Prepared by the Brooklyn Center Assessor's O�ice VALUE CHANGE City Wide All (Includes all property types) 9.0% (Excluding new construction) 7•4% Gity Wide Resid. {Single Family Detached Only) 14.5°l0 (Excluding new construction) 10.2% Residentiai Sales Data From MLS YEAR NUMBER OF AVERAGE CHANGE MEDIAN SALE CHANGE SALES SALE PRICE PRICE 1998 344 $98,679 11.35% $97,900 10.12% i 1999 323 $115,439 16.98% $120,500 23.08% 2000 118 $128,456 13.47% $143,948 30.86% 2001 452 $142,706 11.09% $144,900 0.66% 2002 444 $157,313 10.24% $157,600 8.76% 2003 567 $169,248 7.59% $169,900 7.80% 2004 81 $176,200 4.11 $175,000 3.00% 2004 Residential Assessment Changes OVERALL PROPERTY Prepared by the Brooklyn Center Assessor's Office 3/9/2004 TYPE VALUE CHANGE Co-ops and Condominiums 8.9% Townhouses 14.8% Double Bungalows 20.6% Residential 9.2% Residential Neighborhood Areas #50 River Neighborhood 7•4% (excluding new construction) #51 North West 8.5% (excluding new constructlon► #52 North East 8.4% (excluding new constructlon) #53 West Central 8.1 (excluding new constructlon) #54 South East 10.9% (excluding new constructlon) #55 South West 8.2% (excluding new construcHon) River Lake Properties #56 Waterfront 22•1% (excluding new constructlon) COMMERCIAL AND INDUSTRIAL ANALYSIS 2003 VS. 2004 2003 2004 New •,6 Chwnpe x Chanps Type ot PropeRy EMV Totals EMV Totals COnittuctlon Exoludinp Improv. Inoludinp Improv. Auto $10,325,600 $10,404,600 $0 0.8% 0.8% Auto Dealers $25,065,000 526,876,100 SO 7•2% 7•2% Banks $6,024,800 $6,537.300 $0 8.5% 8.5% gpyy��ng $1,608,800 $1,600,000 $0 -0.5% -O.5% Day Care 5637,000 $688,000 SO 8.0% 8.0% Fast-Food $3,382,300 $4,024,700 5579,200 1.9% 19.0% Greenhouse Farm 5763,000 $794,100 SO 4.1°/a 4.19'0 HeAlth Club 54,641,500 $4,742,800 SO 2.2% 2.2% Hot@I MOtel �38,083,900 537,129,000 SO -2.5% -2.5% Vacant Land $11,861,200 512,104,900 SO 2.1% 2.1% MediCal OffiC9 59,817,500 510,539,400 SO 7.4% 7.4% O�C@ Lafge $26,920,000 $29,042,500 $0 9.9% 7.9% O�ce Small �10,784,800 $11,729,50o SO 8.8% 8.S% O�ce Condominiums 51,841,800 52,027,�00 SO 10.1% lo.l% Rest8uf219t $13,015,900 $12,908,800 $20,000 -1.0% -0.8% R@tall $71,166,000 $67,203,600 $140,000 -5.8% -5.6% Shopping Center 588,719,200 589,382,600 $824,700 -0.2% 0.7% Theater $11,SOQ000 �11,500,000 SO 0.0% 0.0% Commercial Total 5336,158,300 $339,235,400 51,563,900 0.5% 0.9% Industrial North ffi61,768,400 S59,o46,40o S1,3o0,000 -6.5°/a -4.4% t �30 805 000 535,086,800 53,628,500 2.1% 13.9% industrial Sou h Industrlal Tota) $92,573,400 594,133,200 54,928,500 -3.6% 1.7% Total C 8. I Assessment 5428,731,700 $433�368,600 S6,492,400 -0.4°� 1.1°� O:�DeptsV�SSEBS\SPREDSHTASaeewr1200 Orowth•XLS]2004 C 3 1 APARTMENT ANALYSIS 2003 VS. 2004 Change 2004 Average 2003 Avenge 2003 EMV Totals 2004 EMV Totals New Const�'uction Excluding Improv Average EMV EMV Per Unit EMV Per Unit 4-5 Units 56,035,000 $7,057,000 $0 16.9% $352,850 $88,213 $75,900 6-8 Units $2,244,000 52,241,000 $0 1.7% 5373,500 565,912 �64,SU0 10-12 Units 57,856,000 $8,126,000 $0 3.4% 5625,077 $55,658 S53,8011 18-36 Units $12,360,000 S13,OU2,600 SO 5.2% 51,444,733 555,096 553,800 48•T5 Units $32,698,000 533,080,500 $15,000 1.2% $3,308,050 $55,974 555,700 76 $101,775,900 5111,882,900 $2,560,000 9.9% S7,458,860 $50,149 546,300 Total Apartment Asmt 5162,928,900 5175,390,000 52,575,000 6.1% 561,833 558,383 G:tDeptsIASSESSISPREDSHTWssessor12004aa1[2004 Groxdh.XLSj2004 Apts Review of 7022 Brookiyn Boulevard Boulevard Office Condominiums For "Lawrence Marofsky 2004 Board of Appeal and Equalization w i 's. t 5'Tli q t F z +f�_ J� a'�y S 'h V X 4.,' ��tiY'� .Fi f t S u `�il a r� ��z-� �r ti I p r 1 5 i t '�.°t.'E, �I� ��I ��u r j� �'�T -`r +2 z�> i r I c r' I P m�i i ii r�. i i„I i�r i �iii,!'�lil h' r�a'.'I� r ti �i r i i. `il 'I!' 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I i i �"ti I� il i I i �k i� ��ti�19�� r i d ir� i i il� 'd,� 4 1� I� it" 1 Je y i. r i 1 x i a F I��, I i p ��r�� i Mi�M� i .r,. n ti 61 q y r 4,�� a ��.1 HM Ih y k 6�'�' h i y "1 A i ;�{I i I �I i� t I dvr z�� x a ��q� i .r i t I n �a xti i. d i a� �!M j�,7 �ih ��Yk I i� i I�' i iqn i u �7�'�u�� d� .t� ai r9 ��d�` i �F y �k i�� I i a r F i i�' i M1�; ^�i p '�4 d u�Y r �t, i ��Jw 8 aue i r a �i d �w h �v �'I��tu�� 'W! M ti i a kr M �'i I I dU d A d� r �9 I 7 f�M n r �i, p.'�� a �i F 1�.rt i 5. 1 i1, 1��t s �a,.,H�' 4 �i�� u•? �,..x a 9 x i �C� �ti 'U y�u� i �rv r t wI; xw :I,} i li a'ii�lil�j,piw� i S� �P iK 4� j N u�� i�Aip��j� f �Fi."4i�1`" C4�ti �t �r8 i ��IT Z4� �SY�d �.YA N�.�*, �S� i 9 I h ,1 vr4 M1 ff F ��yn� yY V Y d t r� ,�F�`., +�wa �"��'q �i i I �4�'r u� r �uY r. y� ig� s v i� ��i S� 1 v v i y��'� A e i��I s+ �°�d ,,d,�� ,a .0 �ar� ��i; M i.. 1�'i i Mu�u i ,r k i.6:� ��i� w� ,:�r PROPERTY DATA SYSTEM TAXPAYER INQUIRY CURR 319 PROPERTY ID NEXT 27-119-21-33-0080 Pt.Con: Mt.Adr: HOUSE# FRACTION STREET NAME UNIT ZIP+4 Front: Back: 7022 1/ BROOKLYN BLVD 55429+ Right: Left: Ownerl: MAROFSKY LAWRENCE Owner3: Owner2: Owner4: Zoning: R3 Prim/sec: Yr.blt: 1985 Area: 7403 Acres: .17 Sch.Dst: 279 Wshd: 00 Gr/Os/Ex: Subrecs: Ol Width: Depth: Mkt-Land Mkt-Bldg Mkt-Mach Mkt-Tot Tx Capacity Hd PT %Own 2004: 40000 85000 125000 1875 C 0 2003: 35000 40000 75000 1125 C 0 2002: 35000 40000 75000 1125 C 0 Legal Description: NO LOT AND BLOCK GIVEN CONDOMINIUM NO. 529 BOULEVARD PLAZA CONDOMINIUM UNIT NO. 7022 Type PID or ADDRESS: press ENTER; or Fl, F2, F8 PROPERTY DATA SYSTEM LIMITED MARKET VALUE INQUIRY CURR 318 NEXT PID 27-119-21-33-0080 ASSESSMENT YEAR 2004 SUB-REC Ol HOUSE# 7022 F/A 1/ STREET BROOKLYN BLVD UNIT CALCULATE LMV (Y/N) PROPERTY TYPE C HMSTD CODE PART CONST GR/OS/EX REL HMSTD IND CONTIG IND MARKET LAND VALUE 40000 MARKET BUILDING VALUE 85000 MACHINERY VALUE TOTAL MARKET VALUE 125000 IMPROVEMENT AMOUNT LIMITED MARKET VALUE 125000 QUALIFYING IMPROVEMENT AMOUNT MARKET VALUE SUBJECT TO TAXATION 125000 TAXABLE MARKET VALUE TAX CAPACITY 1875 Make changes: press ENTER; or Fl, F2, F4, F5, F8 PROPERTY DATA SYSTEM ***�UBLIC*** DISPLAY COMMERCIAL CHARACTERISTICS PART 1 CURR 311 PROPERTY ID BLDG NEXT 27-119-21-33-0080 A ADDRESS: 7022 1/ BROOKLYN BLVD PROP NAME Boulevard Plaza Condo's DIST 14 NBRHOOD 0011 FRONTAGE DEPTH AREA 7403 IRREG SHAPE NO ZONING R3 AREA R.ATING SITE RATING ALL.UNITS TRACKAGE NO SEWER YES WATER YES STREET YES EXCESS LAND NO SOIL CORRECT CONSTR QUAL GOOD USE CODEl 344 X USE PCT1 100 USE CODE2 USE PCT2 USE CODE3 USE PCT3 USE CODE4 USE PCT4 ARCH APPEAL VGD FUNC DEPR PC ECON DEPR PCT P DEPR PCT CONST YEAR 1985 EFFECT YEAR CONDITION AVG CONST. WOOD FR EXT. WALLS BRICK ROOF STR. WOOD ROOF COVER WOOD SHG HEATl TYPE F AIR HEATl PCT 100 HEAT2 TYPE HEAT2 PCT HEAT3 TYPE HEAT3 PCT FF AREA 1200 GB AREA 1200 NR AREA MEZZ AREA PERIM AREA 148 TF AREA 000000 AIRl TYPE AIR2 TYPE CENT AIR3 TYPE AIR PCT 100 BSM PCT 100 BSM USE 391 PLUMBING AVG ELECTRICAL AVG AVG/STORY 9.0 STORIES 1.0 CLEAR HGHT 8.0 ELEVATOR NONE SECURITY SYSTEM Press F1, F4, or F8 CITY ASSESSOR REAL ESTATE DATA Construction Basement Farking Apartment Breakdown Property Name Print Date q,t�f O 3� a O A) Steel Frame 1 I Basement Ramp i I Number Type Area 8au 1 evard P 1 aza Condo' B) Rein. Conc. 2 I Bsmt. Use Code 3g I Surface 2 Eff I PID Prop Type: I C) Conc. Blk. 3 I Plumbing Underground 3 I I 1 Br $T-1 1 9—� 1-3.'3— 0 08 f! A C I D) Wood Frame 4 I X I Above Average 1 I# of Spaces I 2 Br Property Address: I S) Pre-Fab 5 I Average 2 I�( I Area I 3 Br 7a�G�L BRpaKLYN �LVa Other 6 I BelowAverage 3 I Garage I TOTAL: AVG: I I Exterior Walls I Electrical I Floor Area I Rents as of Owner Brick 1 I� I Above Average 1 I I# of Spaces Actual Type Economic MAROF$KY LAWRENCE Stucco 2 qverage 2 x Rent Ett Taxpayer I Wood 3 Betow Average 3 I I betached 1 I 1 Br I Metal 4 I Height I Underground 2 I 2 Br I I Concrete 5 I I Aver/Story R� d Attached 3 I I 3 Br Legal Description Glass 6 I I# of Stories d Sprinkler System I L Q'�' L Q�� Other 7 I I Clear Height d.% of Area ��o Rental/Expense Information COlNDOM I N I UM NO 529 Roof Structure Eievator Pool Gross Income Wood 1 I y( I None I�( I Indoor t Vacancies Q 0�/ Land Data I Construction �uality I Steel 2 I I Quantity I I Outdoor 2 I Eff. Gross Income `Frontage I I Excellent 4 Precast� 3 I Security System I Flat Charge: Operating Expense I IDepth I 3.5 Other 4 I Yes 1 I Add. Net Income I �Area/Sq. ft. I '7� 3 I Good 3 I X I Roof Cover I No 2 I X Sub. I Cap Rate p��/ I Ilrreg. Shape I M(� I 2•5 I I Pitch Gravel 1 I I CDE. I GRM Q IZoning I R� I Average 2 Wood Shingles 2 I BUILDING PERMITS Rent/Sq. Ft. 0 Q Area Rating I I 1-5 I I Asp. Shingles 3 I I Interior Inspected Site Rating I I L°w 1 I I Insulated Roof 4 I No. Date I Yes 1 Allow Un/Ar I I Use Codes I Other 5 I I No 2 I Trackage I 1 31� t� C 1� Q% Heatin9 TYpe Value S Date c;� y /�Qt�'� Yes 1 I I 2 Q Q d °/a Electric 1 I I Appreiser Initials l I N° 2 I�( I 3 Q(� 4 I Forced Air 3 I d� No. Date I Cash Equivale y Sales Data I Sewer I 4 a Q Q I Hot Water 4 I I Date I Yes 1 I�( I Arch. Appeal I Space 6 I TYpe Value I Price No 2 I I Excellent 1 Pkg Unit 11 I °k I I Date Water Very Good 2 x H& C Air 12 I Price I Yes t Average 3 Other COMMENTS 50 LINE I No 2 Fair 4 Building Area I I Street I Undersirable 5' F.F. Area Q 4 ��zc7�vz'1 Lt �u.s�... �'R��' i II I Yes 1 I}( I Deprectation G.B. Area 2 4 Q I N° 2 I I Functional I N.R. Area I �'1� Excess Land Economic I Meuanine I I Yes 1 I Physical I Perimeter I No 2 I,1( I Const. Year �'g I T F' Needs Sofl Correction Effective Year Q 4 a Q I Air Conditioning I Yes 1 I I j��M��ondition I Package 1 I I I No 2 I I Excellent 1 I I Central 2 I�( I I I Good 2 I I Wall 3 I I I I Average 3 I)( I% of Area A/C Q�% I I I Fair 4' I Poor 5 I I n�� ^J q L.C.E UNiT LC.E UNIT L.GE. UNiT 7070 7074 f' 7078 -T.3- -•S.a�.. COMMDN �•..._..�.2'3.55.._..—•----�� ---.._24.05•------- t �.E�U�� i j i f i i c...Uf�tIT ��7Q�4::.. E�#�ttT .�.�Q?5�:. 1 �r°�^� �'�.�l�N o o tn' :a iT. 7�7a�,.4 0 Q Q :n�. a; �o� -•��UPPER LE1/Et�� UPPER� �EVEL a� :UPFER<� tEVEL i s� 'F� �r ::�i'. •t s •w:� i Y �'��4�' :1 10 ,C r �.t O Y,' n ^^'2.�..'':. �L '4.�� `=y �R�`�{OH� n t :.---2�:.�5•---•- •24.05--•--- �t F �-E;r;�racu.e� :r.�! �e-._..:: Q :a ti. 1 O r� Ca1f��H�N .�--=a�ic��>�_�.- NALI:.WAY�= ti�= 4 c�--�En�rvnce ;:s" .��.;_�'s.' �a �.;Y~ .�t' .T1r. y�. yt f. t :t =-B U LD1 NG:w -2� w�� 5.• A •t L `a 'Y 1 y�+ r r f• -M1�� i i�� '•r�;�Sr�� :1 .:23.40-=--- -�-24.00':-• --�'j �_•---•---24.tD.- ---r 1 i 'y• �tir L F ...V .L: �V,..:' I f i w �F�• T M i '.L:..' �5 'r4: v.� y k�' ��r�:' .f:..��`:.� S'i i�� .'R. 1%+i..�' k .I' r 1: i .w: !1'• i:. °f' :'Yry °t' u 3. I .�..�ir...•... ::i. ..t. t :sk �,9 :.'N.. 1 •Y .1 iEr.�' F �i�,�� t a 't y'i„ .�.f� .:T .f� r '.S '3'• 1� 1 �i �i. •:1 1 'u�� f •y �0 ,T.� t, i `Y IT:, .'7078��' w.� 1 o: tip '=�Y°.. :UNiT`� ~�7470:i�;� :r m d� tAWER �EVEL L' EVEL o' LUWER =��LEVEL� c� c�. .'.c� r-_Y i f r• j •.c '�'•"%a.ti: ':i. I. �.r:. '9+....•<. 1 'a. N:`:�_ ..5' Y`• .'l�' �:1.:.��• .,r.. I 4 1 r �.'r ..'.r: 0.50... i 24A0 ----t��--- -......24.b r .G.: f .t ":t':�� ;.Y' r« T-:. S' ..Ml'f r{ .z290_'_-.._:_ 'Y PROPERTY DATA SYSTEM SALES RECORD INQUIRY CURR 308 PROPERTY ID Address NEXT 27-119-21-33-0080 7022 1/ BROOKLYN BLVD SALE TYPE SALES DATE PRICE OF SALE RATIO REMARKS 12/1985 123606 1 X PART. CONSTR.- CRV Press Fl, F2, F5, F8 Market Approach Sales Analysis 3ublect Propertv GtsmPerable One Cr�mcarsb�e 7Wa ComparaMa Triree Gomoerablo Four q�� r 7022 Brooklyn Blvd 6200 Excelsior Blvd. ,#101, St Louis Park 12225 Champlin Dr., Champlin 2525 Nevada Ave No, #202 7046 Brooklyn Blvd. p�p 27-119-21-33-0080 21-117-21-32-0133 30-120-21-24-0033 29-118-21-21-0036 27-119-21-33-0086 $128,500 $330,000 $220,000 $123,000_ 10/2?/2003 02/Ot J2003 12/17/2003 04/11/2002 Aah+semena t��aaor� ,Aajuaemenc s Deacrtaiton AdiustmdM s oeac�ior� ____adJ�em,ern s nescr�pnon ad�semenc s Finarlcing Tyoical 0 TYPi�I 0 Tyoical _0 TYOical 0 S q,�� Not Specified 0 None 0 None 0 None 0 Cleaning Business psrsana] p�.qper�� Painting Supolies ($10,OOQ) None 0 Nona 0_ None 0 TFmeAdlusinnent _2 Months $0 10 Months $0 $0 /�l�+sts� $aie Prlce $118,.500 $330,000 $220,000 $123,000 Locatbn 1 Za�r� _�_....Avara9e R-5 Average I C-2 Q Good B-20 0 Avera9e /RS 0 Average C2 0 I �te f_tekft} 1,107 s4. ft. ConstructlaiY�ur 1985 1986 Q 1998 1985 0 1982 �p��q�p�y Average Average Good 0 Average 0 Average 0 Cp�� T� Wood Frame Wood Frame __0 Wood Frame 0 Concrete Blodc_ 0 Wood Frame Bridc Ceder 0 Brick 0 Concrete Block _0 Brick FlrstFloarArea 1.200_s4.ft. _1,031sq.fl. $0 2,410sg._ft.__ $0 2,314sq.ft. $0 1,200s4.ft. $0 Gross gu�Id�yrrogprea 2.400 sq. ft. 1,151 sa. R. $0 2,410 sq. ft. $0 2,314 sa. ft. $0 2,400 sq. ft. $0 g�� p� 1,200 sq. ft. 120 sq. ft. 0 None 0 None 0 1,200 sq. ft. 0 g gFO�ipa 1 1 0 1 0 1 0 1 0 Avg_StvrY t Ctr Ht 9' 8' 9' I 8' 0 0 0 pk Gpe�d, /$�pNrtCcipreel 100% 100% 100% 100% 0 100% 100% �ipg Asphalt Asohalt 0 Asphalt 0 Asnhalt 0_ Asphalt 0 Common Baths large Skylight No p��,pm9�(�@g 2 Baths, Common Entry windows Separete Entrances :$211 per month Own $275 par moMh /43ipC�8Q1q1�F.8@f UtllitiBD Utilily meters_ Own Uliliry Meters Tot� AtNUStr�Mnts $0.00 $0.00 $0.00 $0.00 ��P� $118.500 $330,000 $220,000 $123,000 Rdius�ti 8ale #,l sq. f�. $102.95 $136.93 $95.07 $102.50 Sais Pi1ce Sa FL i I.anQ' IYI�Ck+�t $�les Anal�rsis Valu� Etang+� $95.i17 tcr $102.95 Sub�c# �'r�a�r�r�'Y �'ai�tit�n fc�r fioM�ble ,�ure� pf 1.2� fk. =�70� 1�er sq. ft at $12�:� recommendati�n �PROPERTY USE: Office Building MUNICIPALITY:ST. LOUIS PARK CODE 344 X RC 00 PROJECT NAME: bsmt condo no windows COUNTY: HENNEPIN GBA 1031 WD ADDRESS: 6200 Excelsior Boulevard #101 PIN 21-117-21-32-0133 Seq 2 RATIO Y COMP Y AUDITOR ID: 844928 MULTIPLE PID: N COMMUNITY: NBRHOOD: —PROPERN DESCRIPTIOP7 MARKET DATA Year BuifU Effective Year 8uilt: 1986 �986 Buyer. AJ Superior Cleaning, L.L.C. Const Quality/ Condition: AvEw�cE AVERAGE Selier: LGH Properties, L.L.C. Const Class/ No. of BIcY�s: or sceei smd Fm, Sale Data: Date of Sale: 10/30/03 Exterior Type Roof Type: Cedar/Redwood Gable Total Purchase Price: $128,500 2nd Exterior Type Roof Cvr: Brick Shingies�Composition TePms Set 1 Assume Ind: DN PMT-$25,700 S First Floor Area GBA: SF 1,031 SF 1 Z Total Floor Area: SF PMT- INT- PMTS- E BALLOON DATE Bldg Perim. Shape No. Rms: pt Rectangle 1 see comments on PP am U Meuanine Area Use: SF none Set 2 Assume Ind: S Bsmt Area /%Fin 1,031 SF 100°/a 100%GBA E PMT- INT- PMTS- S Bsmt Use: o�ce BALLOON DATE Bsmt Fin 1,031 SF 100%GBA First Fioor Use: bsmt condo south sd First Floor SF SF 0% GBA Cash Equivalent Price: 6.01% $118,500 2nd+ Floor Use: Cash Equivalent Adj: 2nd+ Floor SF /°/a: SF 0% GBA LESS: Personal Property: $10,000 Tot Off Area: 1,031 SF 100% GBA PLUS: Special Assessments: Ind: Y $0 Cash Equivaient of Real Estate: $108,500 Primary Heating Pct: Forced Air 100 Sale Price Per Sq. Ft. TFA: Secondary Heating/ Pct: Sale Analysis: Sale Price Per Sq. Ft. GBA: $105.24 Air Conditioning Pct: 100 Sale Price Per Sq. Ft. NRA: Sprinklers Elevators: 0 0 Sale Price Per Sq. Ft. Land Area: $98.01 Garage Ramp Spaces: 0 0 Sale Price Per Room: $108,500 Surface Parking Space: 60 Parking Surface Type: Asphalt Multiple Tenancy: N Income �ata: PRIVATE DATA Bldg Ht /Avg Clear Ht: 9.0 FT 8.0 FT Stories: 1 A Avg. Finished Ceiling Ht 8.0 FT Total Land Area /Topography: 1,107 SF sloping Useable Land Area: 1,107 Zoning Land Def Cd: C2 F Trackage Utilities: N ALl Land BigRatio Excess Land: 1.07 to One N Rent scnea�ie: PRIVATE DATA Environmental Concem Ind: Other Amenities: Summary Comments: CRV Purchase Price was $128,500. Buyer rec'd $10,000 (Prsl Pty) back from the seller at closing for painting and his cleaning business investmerrt. Net Price to RE is $1 i8,500. Appraisal Concl was $�28,500—mtg appraiser did have PA which was @$128,500. The unit is South side Basement Condo with a skylight (16' x 4') and no windows. Each condo has a separate 12' x 10' bsmt storage locker that area is excl from the above areas. There are common area restrooms (ea floor) and parking area. Association Fee of $275! mo inciudes a Rplmt Res for parking surface roof cover. Each unit has their own utility meters excepf for water. Sllrs Mtvn: Had recently purchased this condo and two others this me was undesirable due to no windows. See Add'1 Comments. Page 2 PIN 21-11741-32-0133 Seq 2 y� s� 1� ��I �i I u `ih�� II II x �t �I I �ll� ��I I�� M i '�I f �V� ��Pd I ��P1 ii �I t ��i z a ��"�s; r��c x a 3 r 3;. .�..y^,."".✓ w xti �r a e w-. ,�x i yA ,M :-F o. _w. M J�i'� a ti x� i�. �I y i�"t^""n "�,icy(,�'�w.Yf �.w e' a.. "�°�r,,.•r,i .Ma, Y re:� 1 'k*'�.'u�.s,'� �'a� Y `�t� y' 3?. 0 �a q 3, �m .��,..,��w..,:. X ;a� y 'R_. ,A ..wtt�:s�. .W PROPERTY USE: Office Building MUNICIPALITY:CHAMPLIN CODE 344 Z RC 00 PRO;IECT NAME: COUNTY: HENNEPIN GBA 2410 WD ADDRESS: 12225 Champlin Drive PIN 30-120-21-24-0033 Seq 1 RATIO Y COMP Y AUDITOR ID: 821004 MULTIPLE PID: N COMMUNITY: NBRHOOD: —PROPERTY DESCRIPTIOG MARKET DATA Year BuilU Effective Year Built: 1998 1998 Buyer. MDS Properties, LLC Const Quality/ Condition: c000 GOOD Seller. Champlin Drive, LLC Const Class/ No. of Bldgs: or sceei smd Frm Sale Data: Date of Sale: 2/6/03 Exterior Type Roof Type: Brick Flat Total Purchase Price: $330,000 2nd 6cterior Type Roof Cvr: Tar and Gravel Terms Set 1 Assume Ind: DN PMT-$0 S First Floor Area GBA: 2,410 SF 2,410 SF I Z Total Floor Area 2,410 SF PMT- INT- PMTS- E BALLOON DATE Bldg Perim. Shape No. Rms: Ft Rectangie U Mezzanine Area Use: SF Set 2 Assume Ind: S Bsmt Area /%Fin 0 SF 0% GBA E PMT- INT- PMTS- S Bsmt Use: NA BALLOON DATE Bsmt Fin 0 SF 0% GBA First Floor Use: Office Condos First Floor SF 2,410 SF 100% GBA Cash Equivalent Price: 5.85% $330,000 2nd+ Floor Use: Cash Equivalent Adj: 2nd+ Floor SF SF 0% GBA CESS: Personal Property: $0 Tot Off Area: SF 0% GBA PLUS: Speciai Assessments: Ind: N $0 Cash Equivalent of Real Estate: $330,000 Primary Heating Pct: Package Unit 100 Sale Price Per Sq. Ft. TFA: $136.93 Secondary Heating/ Pct: Sale �Analysls: Sale Price Per Sq. Ft. GBA: $136.93 Air Conditioning Pct: 100 Sale Price Per Sq. Ft. NRA: Sprinkiers Elevators: 100 0 Garage Ramp Spaces Sale Price Per Sq. Ft. Land Area: $136.93 Sale Price Per Room: Surtace Parking Space: Parking Surface Type: Asphalt Multiple Tenancy: Income �ata: PRIVATE DATA Bldg Ht /Avg Clear Ht: 11.0 FT 9.0 FT Stories: 1 A Avg. Finished Ceiling Ht: FT Totai Land Area /Topography: 2,410SF Useabie Land Area: Zoning Land Def Cd: G2 F Trackage Utilities: N Land BlgRatio Excess Land: 1 to One N Rent schedu�e: PRIVATE DATA Environmental Concem Ind: Other Amenities: Summary Comments: This was a sale of a office corxio, which is part of a larger office canplex. According to the seller, there were a number of these office condo units listed at one time each selling with in the last two years. Page 2 PIN 30-120-21-24-0033 Seq 1 �'is g .w s� ��t 7�R'� i r c�"� .E,�a �t a .��z -n x _.�m e '�.��5; a.�� i�" s E�� 05-16-2003 12:51pm From-CITY OF COON RAPIDS FINANCE DEPT +7637676491 T-643 P.001/001 F-956 y' P TY PE• 0 TYPE: 2250-C80 CHAMPLIN He epin PRO ER TY 9-2 I PRlADD 12225 CHAMPl1N DR 16312 II P1D: 30 BWLEGAL: Subd:CtC NO 0864 CHAMPLIN PROF BLDG CONDO BUYER: Mb3 PROPER7IES LLC, PHONE: 763-559-3143 +s6a0 ViNEwOOD I.ANE Plymouth MN SELI.ER: CHAMPUN DRIVE LLC, PHONE: 763-377-1800 500D GLENWOOD AVE Golden VaNey MN 55422 Mttl' VALUE: 396,900.OD PUR PRICE: 330,000.00 PROP T(PE: B-20 TAXES: 10,820.34 DOW(J PAYUIT: 0.00 YEAR BUILT: 1998 USA/AMT: b.00 PERS PROP: 0.00 FiLE NUMBER 8210d4 LlSAlpATE: POIIYYrBuyer. FII.E DATE: 03/12I2003 PUR AGREEMENT: 2J8/2003 POIN'fS-Seller. 0.00 CLa31NG DATE: 02/06/2003 DEHDJTYPE W MGTEJCONTRACT MON7HL.Y PAYMT 96 INTEREST NO. of PAYMT BALLOON DATE 1: 0.00 0.00 0.000 0 2: D.00 0.00 0.0d0 D 3: COMMENTS: PERSOM FIUNG: MDS PROPERTIES 763-559-31d3 I� ZONINGNSRGE: Medical OffiCe �BLDGS: 1 �Stories: 1 LAND SIZE: N/A BUII.DING SIZE: 2410 GBA 10096 5prlAC BUILDING TYP�: OFFICE ar�-a�R�� 1$- r.o..� 'p'� �e--.��3P.g.. e.ltE..ly:L..�.._ .�L bL_,..- a w Xt� i i 9 atat�u.y�.p_�� 'Z, k.�J 4� 1 .��.+�x• r y tf S 1 r 4 c -r+s' '1 ,1' qe� .n�. N a: �1 Q .SP.�� 1 z ,..x, 1. a AIMp�/ gl 1 00 �i�f� CR MO OG� !W a0� t11�Yf�1.W �3tiNJ _'�OF.------ �+ROI'ESS�ON�I .�f� '�s. Bue.O�e 1 w w.� j i I i I ��a. i I �.x K� 9�o��is�'' r e i t H i'(�9� ..r�s•.v i.�.l i idQ �'��'7^� S N' r .1 'r 1 .WiWhLLYL._.� _o• �.sl� 1 Nr«::��\ �iQ0��8.�� I �r.f y: m. L J+� Oa130/2003 Data-CREV Copyright 2003 Plat System Services, Ina Plat Syst�rl Senrices, Inc. has made every effort 10 obtairt dec�rate and current informatia�, but in no tnanrler �S t�e informadon contained herein guaranteed, and the pubiisher shall not be responaibl9 fof any toss caused by the negligence of any of its agents or employees in procuring, complling or publishing the said informdlion. 05-16-20D3 12:51pm From-CITY OF COON RAPIDS FINANCE DEPT +763T676491 T-643 P.DO1/D�1 F-957 M,�NNESQTA- REV�l�tUE f'E 20A Certiflcate af Reai Estate Vsiue Supptemental5chedule Comvlete tnis foqn for epsrtmec►i. comma�iaVlnousVlei or ferm seles onix Narn! I�t..�_. I C�`�°'S"�� r�� e IIUlY�O�► r f�I'�;f� If che sele price•includes eny persor�t prpperty (e.g., fwr�faqe, applloncea, sup��s, flxtures, mschiflery 0� stock inventorfes! or o�+e► iterns (e.g., t�he goodw0l oE ttta business, the r�me of the busi�ess, }renchlse, or a� agr+eement not to campete�, �1tel tNe toT81 value of tN09e Ftems here d� .s I 2 tne auyer or seller �ta $omeone to rr;ake an epprelse,i of the �npe�ty� ratue p�ior te Ks sare, cneck u�is 6ox anG. if knowA. enter the aaufatsed �at� S 3 Cemmerclal/�nd�qt� piopsrtles: Ffortl the Ilst Of pinpe►ty USes oA the 03C1c Df tH(6 fOrn1. 9fltef the number tof the use thet Dest descvtbes ho,w tha proparbr was ysed Just before It was sdd C�o 3{ ErKer the number that best descr�es whAt the properqr wRl De uaed fo� eftar the sale 4�arbnart piopsrtl�: M trie property soic was an apa�tr�►enc bulldMg, enter the totai number of apartment bui�dings included In the 9ale price Er�tes the totel �umber pf renf8[ units in all bulltll►1� 5 Fl�tm peopsrtlas: How rqa�y•acres are irrigeted? How ma�r acres are enronetl in Rein�est In Mhu�esota (RIMq? How many acl�es afe enro11a0 In Lhe Conservatton Reoe►ve Program (CRP)? Yes No B vVas'the buyer of thls PmPerU► an owner �f a ProDerb ecgeCent to ft? t[�"' 1f yes, In Ya+r ooinlon. aid tl►e buyev pay a hlgner prlcs fw t1�e propertr t�an other potent+al tx�yers would have likely paid for it? 1 7 Does the tota� purchase pf�ce �ISted on Ilne 2 0( the Carclflcece pf Reel F.atate Value reprosent the allocatian of sal �y a e that indud n pr�ce es a other properq� or prop�ties 5pid tp this buyer at the same t(me7 U l.l7 B D�q the bUyer lease the property from the selfer before U►e puiMa9e7 ye Dia the seller lease d1e IxoPerlY 1rom the buy,er.afCer the purehese? 9 w� ihis sare announced and/or promoted thro�� ,eaft� ItsUnge. newspaper ar a3her publications, attvertisemencs or uuough bra:hure or ou+e� P�omoda�al or (Morn�atlonal �++allinqs7 [I� [t�'` If you �►sweraq no, how did yvu feern that the properpr was for SBle7 i0 It the property wes rentel prapertir. wa6'the buy�eF guelrattteeC a minlrtWm levet of rent81 inCome? u vuere me burer arns sei� famlry memhers bus�nesa pertnors, buslness ettlnates� one s+,aeldiary to the OUtCf, jofnt ownET9 pf ft18 prop@t�l Of 9lOCId1011l91S Of tl10 bUb10e95'T q i2 When the prqperq� was so�a. was a lbreclasure, oauR Judgmen� ader or Mher fegal proo�edl� penetng in connect�n wrcn the propen�rt .o i3 In your opinian, is tne price u�e proper�y ao1� tor cronalaaeably ciMfsrerrt trom wnat yau believe a�v+e� simuar propert�es wau�d se�� tot� If yes. explain brietly: f ��kry"`�,.....�GS M l�w.�► k t 2- 6 -0 3 ?-6 7- s"s- y 3�L'� vnnt rwns Oa�e DsWme Pne�a f Meil to your courfty autlltor's of recorder's off�ee with yoor deed or contract fo� deed and parr Certlficete ot Real Estate Yalue, swacroo.e0oo�otfRe..9/OSf ��:J �ri �E?rhRT{`�{E�IT C�JF R�-�!!�:�U�-COF�Y S"'b' 3 y`�� PROPERTY USE: Indl Flex Bldgs. MUNICIPALITY:GOLDEN VALLEY CODE 453 RC 00 PROJECT NAME: Abraham Condo COUNTY: HENNEPIN GBA 2314 CD ADDRESS: 2525 Nevada Avenue North PIN 29-118-21-21-0036 Seq 1 RATIO Y COMP Y AUDITOR ID: 848939 MULTIPLE PID: N COMMUNITY: NBRHOOD; —PROPERTY DESCRIPTIO�� MARKET DATA Year BuiIU Effective Year Built: 1982 9982 Buyer. Ziv, Abraham Const Quality/ Condition: AvER°�E AVERAGE Selier: Burke, Loren Kling, Shirley Const Class/ No. of Bidgs: �sonry eearing wau Sale Data: Date of Sale: 12/16/03 Total Purchase Price: $220,000 Exterior Type Roof Type: Concrete Block Flat 2nd F�cterior Type Roof Cvr: TePmS Set 1 Assume Ind: DN PMT-$40,000 S First Floor Area GBA: 2,314 SF 2,314SF $180,000 PMT-$1,395 INT- 7.00% PMTS-60 Z Total Floor Area: 2,314 SF E BALLOON DATE -12/31/2009 Bldg Perim. Shape No. Rms: Ft Rectangle 1 U Meuanine Area Use: 0 SF Set 2 Assume Ind: S Bsmt Area /%Fin 0 SF 0% 0% GBA E PMT- INT- PMTS- S Bsmt Use: BALLOON DATE Bsmt Fin SF 0% GBA First Floor Use: office/warehouse First Floor SF 2,314 SF 100% GBA Cash Equivalent Price: 0% $220,000 2nd+ Floor Use: Cash Equivalent Adj: 2nd+ Floor SF 0 SF 0% GBA LESS: Personal Property: $0 Tot Off Area: 1,190 SF 51% GBA PLUS: Special Assessments Ind: Y $0 Cash Equivalent of Real Estate: $220,000 Primary Heating Pct: Package Unit 52 Sale Price Per Sq. Ft. TFA: $95.07 Secondary Heating/ Pct Space Heaters 48 a/, Sale Analysis: Sale Price Per Sq. Ft. GBA: $95.07 Air Conditioning Pct: 52 Sale Price Per Sq. Ft. NRA: Sprinklers Eievators: 100 Sale Price Per Sq. Ft. Land Area $220,000.00 Garage Ramp Spaces: Sale Price Per Room: $220,000 Surface Parking Space: Parking SurFace Type: Asphalt Multiple Tenancy: N Income oata: PRIVATE DATA Bldg Ht /Avg Clear Ht: 16.0 FT 14.0 FT Stories: 1 A Avg. Finished Ceiling Ht: FT Totai Land Area Topography: 1 SF Level Useable Land Area: 1 Zoning Land Def Cd: Industriai F Trackage Utilities: N all public Land BlgRatio Excess Land: 0 to One N Rent schedu�e: PRIVATE DATA Environmental Concem Ind: N Other Amenities: Summary Comments: Listed on market with Welsh. Buyer called broker and purchased. Purchased for owner occupancy. CD did not effect price. Buyer lives in area and was looking for something close to his house. Page 2 i PIN 29-11&21-21-0036 Seq #:1 ,�S��E�. r w�.� r� dc�"�'Z fr as4�e$€s �.M. k"Z ,x ::.s�� q.pA�p�vC�� ,y k a TYPE: 2230-C10 GOLDEN VALLEY Hennepin PROPERTY TYPE: B-27 PR/AD[�, 2525 NEVADAAVE NO#202 2D366 I PID: 29-11&21-21-0036 I 1 a BR/LEGAL: Subd:CONDOMINIUM NO. 0306 BUYER: ZIV,ABRAHAM PHONE:76&542-3155 2525 NEVADA AVE NO #202 Golden Valiey MN 55427 SELLER: BURKE,LOREN PHONE: 763-595-7477 10400 45TH #101 Plymouth MN 55442 MKT VALUE: PUR PRICE: 220,000.00 PROP TYPE: B-27 TAXES: DOWN PAYMT: 40,000.00 YEAR BUILT: 1982 USA/AMT: 130,000.00 PERS PROP: 0.00 FILE NUMBER 848939 USAIDATE: 1/31/1998 POINTS-Buyer: FILE DATE: 01/26/2004 PUR AGREEMENT: 12/16/2003 POINTS-Seller: 0.00 I CLOSING DATE: 12l17/2003 DEEDITYPE: C MGTEJCONTRACT MONTHLY PAYMT INTEREST NO. of PAYMT BALLOON DATE 1: 180,000.00 1,395.00 7.000 60 12/31/2009 2: 0.00 0.00 0.000 0 3: COMMENTS: PERSON FILING: DANA C PADDOCK 952-826-3026 I I I ZONING/USAGE: Ofc Condo #BLDGS: 1 #Stories: 1 LAND SIZE: WA BUILDING SIZE: 2314 GBA i I s��» e•--- y ;o. N' aui"- w.w� �MAr"' n....u. ICO RD NO 70) R a. y d •i"n, i w-! i y b t Ei �p i �OAM OO�q s i i s i g �r.e p CONDO NO 70f I I N S �]Ip�h HI P 11 V1ILLHY lY9NESS 11 I �t YN ?ti e[nt wai N i pu q a R�� K Oi\ 'l i 3' c t�'�� ml ns� g s `�6�� p� A �ni a e ,t» ��0 B 2 't� �i e i h n•�., 2 O, 1 R 'ii_� 03/31/2004 Data-CREV Copyright 2003 Plat System Services, inc. Plat System Services, Inc. has made every effort to obtain accurate and current informefion;'tiut in no manner is the information contained herein guaranteed, and the pubiisher shali not be responsible for any loss caused by the negiigence of any of its agents or employees in procuring, compiling or publishing the said infortnation. PROPERTY USE: Office Building MUNICIPALITY:BROOKLYN CENTER CODE 344 C RC 00 PROJECT NAME: office condo COUNTY: HENNEPIN GBA 1200 WD ADDRESS: 7046 Brooklyn Blvd. PIN 27-119-21-33-0086 Seq 2 RATIO Y COMP Y AUDITOR ID: 793506 MULTIPLE PID: N COMMUNITY: BC NBRHOOD: Comrr —PROPERTY DESCRIPTIOL' MARKET DATR Year BuilU Effective Year Built: 1985 1985 Buyer. I. B. Xpress Const Quality/ Condition: ^vEw��E GOOD Seller. Lor, Cheng Yer-Moua Const Class/ No. of BId3s: or sceei smd Frm Sale Data: Date of Sale: 4/11 /02 Total Purchase Price: $123,000 F�cterior Type Roof Type: Brick Hip 2nd Exterior Type Roof Cvr. Stucco Shakes�Cedar TePmS Set 1 Assume Ind: N DN PMT-$24,600 S First FloorArea GBA: 1,200 SF 1,200SF 9 $98,400 PMT- INT- PMTS- Z Total Floor Area: 1,200 SF E BALLOON DATE Bidg Perim. Shape No. Rms: 148 Ft Rectangie U Mezzanine Area Use: SF Set 2 Assume Ind: S Bsmt Area /%Fin 1,200 SF 0% 100%GBA E PMT- INT- PMTS- S Bsmt Use: 394 BALLOON DATE Bsmt Fin SF 0% GBA First Floor Use: 344 First Floor SF 1,200 SF 100% GBA Cash Equivalent Price: 6.9% $123,000 2nd+ Floor Use: Cash Equivalent Adj: 2nd+ Floor SF SF 0% GBA LESS: Personal Property: $0 Tot Off Area: 344 SF 29% GBA PLUS: Speciat Assessments: Ind: Y $0 Cash Equivalent of Reai Estate: $123,000 Primary Heating Pct: Forced Air 100 °h Sale Price Per Sq. Ft. TFA: $102.50 Secondary Heating/ Pct: Sale Analysis: Sale Price Per Sq. Ft. GBA: $102.50 Air Conditioning Pct: 100 Sale Price Per Sq. Ft. NRA: Sprinklers Elevators: 100 Sale Price Per Sq. Ft. Land Area $17.46 Garage Ramp Spaces: Sale Price Per Room: Surface Parking Space: Parking Surface Type: Asphalt Multiple Tenancy: N �ata: PRIVATE DATA Bld Ht /Av Clear Ht: 9.0 FT 8.0 FT 9 9 Stories: 1 A Avg. Finished Ceiling Ht: 8.0 FT Totai Land Area Topography: 7,046 SF level Useable Land Area: 7,046 Zoning Land Def Cd: R5 F Trackage Utilities: N All Land BlgRatio Excess Land: 5.87 to One N Rent schedu�e: PRIVATE DATA Environmental Concem Ind: N Other Amenities: Assn for maint. Summary Comments: Advertised sale with appraisal done. Open market /good sale comparable of office condo. I Page 2 PIN 27-119-21-33-0086 Seq 2 g E f� F^ r3' F t. rfl3 3 L_ ��la 5v� d"" �.#r. ro Mi-� 6f� a�.� x.. `3-Wl�' P o-3� i �l �l �,�„s. 7�3 a` y o,�' IY� 41�;} u �+r ��s „s L�i�� .�i �Il�i'I��II��"��I�� `Z `�`3,."^.��. x r.x r� �:;,�z- s. b. x. .'�y ra ��a�.r !a r yY'" g J�v �I� 1 AC.E Records of Sale Search Result Page 1 of 2 ��a rlu:� ��,�r.. 1 �p f `e Summary of the Commercial Sales Found Search for, Summary of Records Found: Property Use: Cammercial Number of Sales Found 40 0344 Office Building Avg. GBA 1,897 Counry/Munic.: Avg. CE Sale Price $253,970.15 Sale Date: after 01/01/2003 Avg. SP GBA $135.4 Effective Age: Standard Deviation SP GBA $59.91 GBA: from 1000 to 2500 Avg. CAP 14.45 Show: Valid Sales Sort By: County, Munic, PID SE i St c II�COME WORKSHEET 2004 PAY 2005 PID 27-119-21-33-0080 PROJECT NAME Office Condominium ADDRESS 7078 Brooklyn Blvd Z4NING R5 OWNER Lawrence Marofsky 1 Story PROPERTY TYPE Office NET LEASES 1 Story YEAR BUILT Built 1985 INC�ME ANALYSIS GROSS BUILDING AREA 2,400 OFFICE INCOME $14,400 NET RENTABLE AREA 1,200 MISC. INCOME $2 OFFICE AREA 1,200 PGI $14,402 0 LESS: VACANCY $576 OFFICE RENTAL RATE $12.00 Note: no vacancy allowance to misc. income. EGI (before concessions) $13,826 Miscellaneous income $2.00 LESS: RENT CONCESSIONS $0 VACANCY ALLOWANCE 4.00% FREE RENT $0 SQUARE FEET VACANT 48 SQUARE FEET OCC. 1,152 EGI $13,826 OF EGI RENT CONCESSIONS 0.00% LESS: EXPENSES $240 1.74% FREE RENT 0.00% LEASING $0 0.00°fo TURNOVER RATE 0.00% TENANT IMPROVEMENTS $96 Q.69°/a TENANTS REMAINING 0.00% RESERVES $69 0.50% AV. LEASING PERIOD 6 MANAGEMENT $138 1.00% TOTAL EXPENSES $543 3.93°� EXPENSES/SQ.FT. $5.00 NOI $13,283 MANAGEMENT 1.00% TENANT IMP. COST NEW $5.00 �CAPITALtZED YALUE �'I ZO,OOO RENEWAL $2.00 EXPENDABLE VAL. OF TI 25.00% PER SQ.FT. GBA $50.00 PER SQ.FT. NRA $100.00 RES. FOR REPLACEMENT 0.50% EXPENSE RATIO 3.93% LEASE COMMISSIONS-NEV4 $2.00 SQ FT LAND AREA 8,568 RENEWAL $0.50 SQ FT EFFECTIVE TAX RATE 5.3400% 2003 EMV 75,000 31.25 CAP RATE 9.75% PERCENTAGE CHANGE 60.00% TAX RATE 1.32% land value 42,000 4.90 OVERALL RATE 11.07% building value 78,000 65.00 G.IDeptsIASSESSISPREDSHTIASSESSOR12004C/A►[OFFSMALL.XLS]Office Condo LAND TO BUILDING RATIO 3.57 1 05/03l2004 Review of 7034 Brooklyn Boulevard Boulevard Office Condominiums For I Michaei Nelson 2004 Board of Appeal and Equalization v y J r� t .fS i r3� s a 3 s k x''�`� 1 rt n n �'+�'�i E 5 i I fi L A� I 5 �s t a q o �I j Y a a t att��1�. 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PROPERTY DATA SYSTEM TAXPAYER INQUIRY CURR 319 PROPERTY ID NEXT 27-119-21-33-0083 Pt.Con: Mt.Adr: HOUSE# FRACTION STREET NAME UNIT ZIP+4 Front: Back: 7034 1/ BROOKLYN BLVD 55429+ Right: Left: Ownerl: MICHAEL BARBAR A NELSON Owner3: Owner2: Owner4: Zoning: R3 Prim/sec: Yr.blt: 1986 Area: 5899 Acres: .14 Sch.Dst: 279 Wshd: 00 Gr/Os/Ex: Subrecs: OT Width: Depth: Mkt-Land Mkt-Bldg Mkt-Mach Mkt-Tot Tx Capacity Hd PT %Own 2004: 35000 85000 120000 1800 C 0 2003: 35000 60500 95500 1433 C 0 2002: 29500 45000 74500 1118 C 0 Legal Description: NO LOT AND BLOCK GIVEN CONDOMINIUM NO. 529 BOULEVARD PLAZA CONDOMINIUM UNIT NO. 7034 Type PID or ADDRESS: press ENTER; or Fl, F2, F8 PROPERTY DATA SYSTEM LIMITED MARKET VALUE INQUIRY CURR 318 NEXT PID 27-119-21-33-0083 ASSESSMENT YEAR 2004 SUB-REC O1 HOUSE# 7034 F/A 1/ STREET BROOKLYN BLVD UNIT CALCULATE LMV (Y/N) PROPERTY TYPE C HMSTD CODE PART CONST GR/OS/EX REL HMSTD IND CONTIG IND MARKET LAND VA�,UE 35000 MARKET BUILDING VALUE 85000 MACHINERY VALUE TOTAL MARKET VALUE 120000 IMPROVEMENT AMOUNT LIMITED MARKET VALUE 120000 QUALIFYING IMPROVEMENT AMOUNT MARKET VALUE SUBJECT TO TAXATION 120000 TAXABLE MARKET VALUE TAX CAPACITY 1800 Make changes: press ENTER; or F1, F2, F4, F5, F8 PROPERTY DATA SYSTEM ***PUBLIC*** DISPLAY COMMERCIAL CHARACTERISTICS PART 1 CURR 311 PROPERTY ID BLDG NEXT 27-119-21-33-0083 A ADDRESS: 7034 1/ BROOKLYN BLVD PROP NAME Boulevard Plaza Condo's DIST 14 NBRHOOD 0011 FRONTAGE DEPTH AREA 5899 IRREG SHAPE NO ZONING R3 AREA RATING VG SITE RATING VG ALL.UNITS TRACKAGE NO SEWER YES WATER YES STREET YE� EXCESS LAND NO SOIL CORRECT NO CONSTR QUAL GOOD USE CODE1 344 X USE PCT1 100 USE CODE2 USE PCT� USE CODE3 USE PCT3 USE CODE4 USE PCT4 ARCH APPEAL VGD FU1VC DEPR PC ECON DEPR PCT P DEPR PCT CONST YEAR 1986 EFFECT YEAR CONDITION AVG CONST. WOOD FR EXT. WALLS BRICK ROOF STR. WOOD ROOF COVER WOOD SHG HEATl TYPE F AIR HEAT1 PCT 100 HEAT2 TYPE HEAT2 PCT HEAT3 TYPE HEAT3 PCT FF AREA 960 GB AREA 960 NR AREA MEZZ AREP; PERIM.AREA 128 TF AREA 000000 AIRl TYPE AIR2 TYPE CENT AIR3 TYPE ATR PCT 100 BSM PCT 100 BSM USE 391 PLUMBING AVG ELECTRICAL AVG AVG/STORY 9.0 STORIES 1.0 CLEAR HGHT 8.0 ELEVATOR NONE SECURITY SYSTEM Press F1, F4, or F8 CITY /�SSESSOR REAL ESTATE DATA I Construction Basement Parking I ApartmersYBreakdown �opert� Print Date 0�/ 3! 0 0 A) Steel Frame 1 Basement A� R: Y.amp j Number Type Area Beu 1�vard P aza Condn' B) Rein. Cona 2 asmt. use Code �g �urtace 2 I jQ Eff I D# Prop Type: C) Conc. 31k. 3 Plumbing �naerground 3 I t Br I• L 7— 1 1 9—Z 1-3 3— 0 0$ 3 A D) Wood Frame 4 X Above Average t of Spaces 2 Br 1 •operty Address: S) Pre-Fab 5 I Average 2 area 3 Br I 7034 BROOKLYN $LV1� other s BelowAverage 3 Garage I TOTAL: AVG: Exterior Walls Electrical =!oor Area Rents as of wner Brick t x Above Average t of Spaces I Actual Type Economic M2 CHAEL HABHARA NELSf1N Stucco 2 Average 2 �ent S j Eff I sxpayer I Wood 3 Below Average 3 ]etached 1 B� I Metal 4 I Height Jnderground 2 2 B� Concrete 5 Aver/Story q� �ttached 3 I 3 Br I :gal Description Glass 6 of Stories p Sprinkler System A`/� LOT $�O�K Otki�r 7 Clear Height n'� of Area 0� RentaUExpense information C ON D 0 M I N I U M N 0. 5� 9 Roof Structure Eievator Pool I Gross Income S 1 Wood 1 X None ndoor t Vacancies p p{�/ I Land Data Construction �uaiity Steel 2 Quantity �uidoor 2 Eff. Gross Income S ontage Excellent 4 Precasi 3 Security System i Flat Charge: Operating Expense S spth 3.5 I Other 4 I Yes t adtl. Net Inccme 3 ea/Sq. ft. I C} q Good 3 X Roof Cover No 2 _�b, j Cap Rate Q� Q�°� I GRM eg. Shape I W� I 2.5 I Pitch Gravel 1 ��E. RentlSq. Ft. S 0 0 ming Average 2 j Wood Shingles 2 j BUILDING PERMITS 11 ea Rating 1.5 Asp. Shingles 3 i Interior Inspected I te Rating 2 Low 1 Insulated Roof 4 I No. Date j Yes 1 low Un/Ar I Use Codes Other 5 v 1 Tracka ge i 1 1 0 p %o Heating Type 'lalue S Date i(( C5 i Yes t I 2 ��j j °'o Electric t I i Appreiser Initials i;��.� No 2 X 3 Q A a Forced Air 3 f/o I No. �ate I Cash Equivalene�Sales Data Sewer 4 i °o HoY Water 4 I °'o i Date Yes t I Arch. Appeal Space 6 I Type /alue S ;°rice 5 No 2 Excellent 1 I I Pkg Unit 11 °'o j j Date i I Water Very Good 2 H& C Air 12 °o P!ice S Yes 1 �;t Average 3 i j Other °'o COMMENTS 50 LINE 1 No 2 Fair 4 i I Building Area K �f :X r I r J t. Street Undersirable 5 F.F. Area q 6 Q /TT;.) i i R `~"X�' f F f Yes 1 �X I Depreciation I G.B. Area 4�� i i No 2 Functional 'o N.R. Area c� Excess land I Economic 'o Mezzanine i Yes 1 Physical °�o Perimeter ��p j No 2 I Const: Year i�� g i T F Needs Soil Correction Effective Year 0 a Air Conditioning Yes 1 I I REj1j111�ondition Package 1 I No 2 I X Excellent 1 i I Central 2, i i Good 2 Wall 3 I I i Average 3 x I�o of Area �ir C n p"° I I Fair 4 i Poor 5 J i UM��R UM �1D��11 N I .6. D L�A-�A 4��.EVAR I �I.� .A� NDC�MI�I lJ CO f ��FLO�R �P�:�AN�S �,:::.��.:;��L� :z. :�i. v }i ti .r a .t-Y: J.. y �s NR j .S� •r 1n �X 'J i�� 1 �f' .1 ..f r '4 1��, :.'�Y. t j ir� r i• Y: ..f�' �y Y' '�V y i v.� t y i f::�'`�+.�..: Z's'.� r �i�"� �.e5 i:; y �r f h� 'ry w•�t= r�^; �:r. °i: ti :'f j: :�s;r: s .�►0/1�MQN•• :Yi •�a :a '1. �r: y7 'a ��r °;ELEMENT s 3- ;f. i f' A9.00 p, Y. .r �a. •t �''F �J i.. �j �:c 'T ,s. \L N �r :�UNIT ?046: LCE T046� UPPER LEVEL. .�ao P��s I I w' .t, t h S 'f,� ..��I+C� 1 �'V �I Y UNIT ?�42 :i �UP.PER LEVEL S LCE •7042 NIT�703@) 3 t r ��t.aa N T03 r ITS- 4-�8i ?03�) o o 3�.� ..6 �COMMQN •ELEMENT d r Zq.O 1 24 43 Q L.,CE (03Q T ��2�'• 3 FEET .Ui�llT UN17 UIVtT 7'038 �UPPER�:Q •TC32S• c�ZO$O ��3 .URPER LEVEL.� L.EVELt C a a P �I �t°� .`arr+/• UPPER,.� �UPPER� �«�i UPP w $-,'32 'LEVEI •LEVEL• tEV L aroFs� gi• •RQISED Y F. LAOFt CEM_ING ''•:c;; �Z`+1,1l1•— �i 40> Z�%O 39�4fi :MENT �---u,�--. LCE 7038 •Eritronce .DE�. ao s.o1"p z.o 1 z R.o .LCE`• 2 LCE T�6 ;E; lCE 34•• LCE .7�034 LCE ?b38 I 4 V� 'S �11M" \,i v a� .w t w�:� 4 ie... a •�1�� .a� r I PROPERTY DATA SYSTEM SALES RECORD INQUIRY CURR 308 PROPERTY ID Address NEXT 27-119-21-33-0083 7034 1/ BROOKLYN BLVD SALE TYPE SALES DATE PRICE OF SALE RATIO REMARKS 9/1986 80500 7 Press F1, F2, F5, F8 Market Approach Sales Analysis SubNct ProDatv ComParabM Om Camoarabls Two Comparabis TFves ComParabla Four p�� 7034 Brooklyn Blvd 6200 Excelsiq' BNd. ,#101, St. Louis Park 12225 Champtin Dr., Champiin 2525 Neveda Ave No, #202 B��Y� B�• p�D 27-11&2133-0083 21-117-21-32-0133 30420-27-24-0033 29-11&21-21-0036 27-119-21-33-0086 Sale Prlc� 5128.500 5330,000 5220,000 5123,000 Sale Wh 10/`?/2003 02/OBl2003 12H7@003 04/11/2002 Adiustme�s D�serlada� Adm+stmset S Ds�crivlbn Adi�ntmant S' DesedMiorr `'Adiuseme�t t -D�scdptlon Adiwtmsnt i' Flnaoeiml Typical 0 TYPical I 0 TYaical 0 TyPical Sascld Ass�ssmsMs Not SoeciBed 0 None I 0 None 0 None Gleaninp Business 8 penonal prop�rty Paintinp Supplies ($40,0001 Nane I 0 None 0 None 0 nm. aaawm»nt 2 nn«,uu so o �nornna so $o Adlusbd 8a1� Pdc1 5118.500 $330,000 5220A00 $123.000 �o�� Zp�� Averarle R5 Avereae I C-2 0 Good B-20 I 0 Average /R5 0 Average I C2 0 81b Slz� Isq. if.) �1.107 sa. ft. �I Ca�sfruetlonYw 1985 1986 0 7998 I 1985 0 1982 0 I �qp� Avetege Averesae 0 Good I 0 Avere9e 0 Averaqe 0 �q� Type Wood Frame Wood Frartie 0 Wood Frame I 0 Concrete Blodc 0 Wood Frame 0 �a Bridc Ceder 0 Btidc I 0 Concxete Blodc 0 Bridc 0 First Floor Aroa 960 1.031 sa. ft. SO 2.410 sa. R I SO 2,314 a4. fl. SO 1200 sa. il. SO Gross Buildin� Aros 1.920 1.151 aa. ft. SO 2.410 sa. ft. I SO 2,314 sa. R. SO 2,400 sa. R. $0 g�� p� 960 so. it 120 so. R 0 None I 0 None 0 1,200 sq. R. 0 M 8toNa 1 1 0 1 I 0 1 0 1 0 AvnStarvldrHt 9'/8' S/8' 0 I 0 AIr Cond.l8prinkUnd 10096110096 10096 l 10096 0 100% /100% I 0 Park� Surfaas Asohett Asohatt 0 Asohalt I 0 Asohalt 0 AsahaR Common Bams� l.arpe Skylipht No Otl�er MxNtlN 2 Baths. Common EMn windows SeDerete Entrances 5211 per month Own t276 per moMh Assoclatlan Fees f UHIHfss UtJity maten Ovm UtUiy Metan Total Adiustmsnts 30.00 I 50.00 50.00 30.00 I Adlwbd Sals PAc� E718.500 I 5330,000 5220.000 5123,000 I Adwst�d 8a1� A� a4 R. 5102.85 I 5136.93 595. W 5102.50 I S�le Price Sa. FY. Land I I I MarkBt Sales Analysls Value Range s95.07 to $102.95 Subiect Proaertv Valuation for ReMable Area of`1,200 sp. ft. S124 per sq. ft at 5120.004 recommendation to �96,000 or 5100 per sq. ft. PROPERTY USE: Office Building MUNICIPALITY:ST. LOUIS PARK CODE 344 X RC 00 PROJECT NAME: bsmt condo no windows COUNTY: HENNEPIN GBA 1031 WD ADDRESS: 6200 Excelsior Boulevard #101 PIN 21-117-21-32-0133 Seq 2 RATIO Y GOMP Y AUDITOR ID: 844928 MULTIPLE PID: N COMMUNITY: NBRHOOD: I I —PROPERTY DESCRIPTIOI� MARKET DAT� Year BuilU Effectiva Year Built: 1986 1986 Buyer. AJ Superior Cieaning, L.L.C. Const Quality/ CondiUon: A�� AVERAGE Seiler. LGH Properties, L.t.C. Const Class/ No. of Bldgs: F 1 Sale Data: Date of Sale: 10/30/03 Total Purehase Price: $128,500 Exteriar Type Roof Type: Cedar/Redwood GaWe 2nd Exterior Type Roof Cvr. Brick Shingles/Composition TeCMs Set 1 Assume Ind: DN PMT-$25,700 S First Floor Area GBA: SF 1,031 SF PMT- INT- PMTS- 2 Total Floor Area: SF BALLOON DATE E Bldg Perim. Shape No. Rms: Ft Rectangle 1 see comments on PP am 8 U Mezzar�ne Area Use: SF nane Set 2 Assume Ind: S Bsmt Area /%Fin 1,031 SF 100% 100%GBA E PMT- INT- PMTS- S Bsmt Use: office BALLOON DATE Bsmt Fin 1,031 SF 100% GBA First Flaor Use: bsmt condo south sd First Floor SF /°h: SF 0% GBA Cash Equivalent Price: 6.01% $118,500 2nd+ Fiaor Use; Cash Equivalent Adj: 2nd+ Floor SF SF 0% GBA LESS: Personal Property: $10,000 Tot Off Area: 1,031 SF 100% GBA PLUS: Special Assessments: Ind: Y $0 Cash Equivalent of Real Estate: $108,500 Primary Heating Pct Forced Air 100 Sale Price Per Sq. Ft. TFA: Secondary Heatingl Pct y Analysis: Sale Price Per Sq. Ft GBA: $105.24 Air Conditioning Pct: 100 Saie Price Per Sq. Ft. NRA: Sprinklers Elevators: 0 Sale Price Per Sq: Ft. Land Area: $98•�1 Garage Ramp Spaces: 0 0 Sale Price Per Room: $108.500 Surface Parking Space: 60 Parkir�g Su�face Type: Asphalt Multiple Tenancy: N Income oaca: PRIVATE DATA Bidg Ht /Avg Clear Ht: 9.0 FT 8.0 FT Stories: 1.0 Avg. Finished Ceiling HY. 8.0 FT Total Land Area Topography: 1,107 SF sl�ing Useable Land Area: 1,107 Zoning Land Def Cd: C2 F Trackage Utilities: N ALL Land BlgRatio Excess Land: 1.07 to One N ��edule PRIVATE DATA Environmental Concem Ind: Other AmeniUes: Summary ComrL�ents: CRV Purchase Price was $128,500. Buyer rec'd $10,000 (Prsl Ply) bacic from the seller at closing fo� paiMing and his cleaning business investmeru. Net Price to RE is $118,500. Appraisal Concl was $128,500—mtg appraiser did have PA which was $128,500. The unit is South side Basement Condo with a skyfight (16' x 4� and no windows. Each condo has a separate 12' x 10' bsmt storage locker that a�ea is exG irom the above areas. There are common area restrooms (ea floar) and parking area. Association Fee of $2751 mo includes a.Rplmt Res for parking surface 8 roof cover. Each unit has their own utiliry meters except for water. Sllr's Mtvn: Had recendy purchased this condo and two others this me was undesirabie due to no windows. See Add'I Comments. Page 2 PIN 21-117-21-32-0133 Seq 2 �w e 1,•••► g w.� KN M F ..._.r.....,-. E �N IM`r u x �.sYr�s I; 5 A �pa r� �w..� y-, ��v k� d.a k,k��.� 1 t$y$• s a .h ''�.""�S`��' ?'Y ..s a i� „a ,s �..ar�, F ".�e�'�.. r r .�..-�+"'i' a .M m�_..., ia�t..__ i. n fr :-t �r. ��.,r n� .��..A- a ^.+r� �i�..w-� Y k I a w" »y"ait .�r. „u,z� r �.v 'r w„�,,�,�. e s,�;� ��,.r �'w�we"°»a� :a ,.,w.�° 'kx�� f r w x R ,.�,...».w•.+w`'•-' r r .�:.:t PROPERTY USE: Office Buiiding MUNICIPALITY:CHAMPLIN CODE 344 Z RC 00 �PROJECT NAME: COUNTY: HENNEPIN GBA 2410 WD ADDRESS: 12225 Champlin Drive PIN 30-120.21-24-0033 Seq 1 RATIO Y COMP Y AUDITOR I0: 821004 MULTIPLE PID: N COMMUNITY: NBRHOOD: I' C 1' I —PROPERTY DESCRIPTIOK MARKET DATR Year BuilU Effective Year Built: 1998 1998 Buyer. MDS Properties, LLC Const Quality/ CondiGon: GOOD GOOD Sel�er. Champlin Drive, LLC Const Ciass/ No. of Bldgs: or s� sa,d Frm Sale Data: Date of Sale: 2/6/03 Exterior Type Roof Type: Brick Flat Total Purchase Price: $330,000 2nd Exterior Type Roof Cvr. Tar and Gravel T@frY1S S Set 1 Assume Ind: DN PMT-$0 First Floor Area GBA: 2,410 SF 2,410 SF 2 Total Floor Area: 2,410 SF PMT- INT- PMTS- E BALLOON DATE Bldg Perim. Shape No. Rms: Ft Rectangle U Mezzanine Area Use: SF Set 2 Assume Ind: S Bsmt Area /%Fin 0 SF 0%GBA E PMT- �NT- PMTS- S Bsmt Use: Nq BALLOON DATE Bsmt Fn /°/a: 0 SP 0% GBA Flrst Floor Use: Office Condos First Floor SF 2,410 SF 100% GBA Cash Equivalent Price: 5.85% $330,000 2r�d+ Flao� Use: Cash Equivalent Adj: 2nd+ Flaor SF SF 0% GBA CESS: Personai Property: $0 Tot Off Area: SF 0% GBA ,PLUS: Special Assessments: Ind: N $0 Cash Equivalent of Real Estate: $330,000 Primary Heating Pct Package Unit 100 °h Sale Price Per Sq. Ft. TFA: $136.93 Secondary HeaHng/ PcC Sale Malysis: Sale Price Per Sq. Ft. GBA: $136.93 Air Conditioning Pct: 100 Ne Sale Price Per Sq. Ft. NRA: Sprinkiers Elevators: 100 0 Sa1e Price Per Sq. Ft Land Area: $136.93 Garage Ramp Spaces: Sale Price Per Room: Surface Parking Space: Parking Surface Type: Asphalt Income Multlple Tenancy: Data PRIVATE DATA Bldg Ht /Avg Ctear HL 11.0 FT 9.0 FT Stories: 1.0 Avg. Finished Ceiling Ht: FT Total Land Area Tapography: 2,410 SF Useable Land Area: Zoning Land Def Cd C-2 F Trackage UtlliUes: N Land BlgRatio Excess Land: 1 to One N Schedule P RIVATE DATA Environmental Concem Ind: Other AmenlUes: Summary Comments: This was a sale of a office cordo, which is part of a larger office camplex. According to the se�er, there were a number of ihese office condo units flsted at one Ume each se9ing with in the last two years. Page 2 PIN #:30.120-21-24-0033 Seq #.1 zr y a xy 4 i� E 4 ��r 4 $a 05-16-2D03 12:51p� From-CITY OF COON RAPIDS FINANCE DEPT +7637676491 T-643 P.001/001 f-956 �"o TYPE: "22B0-C80 CHAMPUN He epm PROPERTY IYPE: 6-20 PRIADD 12?25 CHAMPl1N DR 1B312 PID: 30-120,21-24-�033 BR/LEGAL: Subd:ClC td0 Q884 CHAMPUN PROF Bl.DG CONDO BUYER: MDS PROPERTIES LLC, PHONE 76�-559-3143 a6�W VINEWOOD I.ANE Plymouth MN SEI.LER: CHApIIPUN DRIVE LLC. PHONE: 763-877-1800 5000 GLENWOOD AVE Golden Valley MN 55422 MKT VALUE: 316,900.00 PUR PRICE: 330,000.00 PROP 7YPE: &20 TAXES: 10,620.39 OOWN PAYUIT: 0.00 YfAR BUILT: 1998 USA/AMT: 0.00 PERS PROP: 0.� FIL� NUMBER 821004 USNDATE: POInfYS-Buyer. FIL.E DATE: 09/1?lZ�03 PUR AGREEMENT: 2l8I2003 POINYS-Seuer. 0.00 CL031NG DATE: Q2l06/2003 DEEDlTYPE W MGTEJCONTRACT MOI�fT'HI.Y PAYMT 96 INTEREST NO. of PAYMT BALLOON DATE L' 0.00 0.00 0.000 0 2: d.00 0.00 O.00b 0 3: COMMENTS: PERSON FILING: MD5 PROPERTIES 769-559-3143 I ZONING/USAGE: Yledical Oifice fBLDGS: 1 #Stories: 1 LAND SIZE: N/A BUII.DING S1ZE: x�10 G8A 100% Spr/AC 6uILDING TYP�: OFFICE F��.tt:L�.., _..i.}L� i �r,wu,�.� 'z, Q• i w v �y a ��a ,.r. 1 r�� .,n. f i'-- ;j� N z a r.s. i�' e j CO r a0� lwrVl.w �p i -_aR.-- WOiE55�Ow1. w w�u �0� ce.�eo i 1 i �ol+r i 1 i r wiiy.. ..K u! i 1 i l 1 '�+'y�n. 7 ��a� I Y�S. a► r+o F` s :f' �i'� w r r�� .�.R .IOiW?Y9t..�.� rvrc 1 s �iQO�� 0.0W ��p+ 1 e I �j �l w� L Jr 'i' Oa190/2003 Date-CREV CopytigM 2009 Plat System Services, lnc. Ptat System Servicas, lne. haa made every efFort to obtain accurate and current irrformatioa, buE in no manrler �S the informadon contained herein guafar►teed, and the publisher shall not ba �spo�ubl0 !ot any loss caused by the negfigence of any of its agents or emptoyees in procuring, complling or publishing the said informdlion. 05-16-2003 12:51pm From-CITY OF COON RAPIDS FINANCE DEPT +7637676491 T-643 P.001/001 F-957 M.�NNESQTA- I�E\(�NUE pE 20A C�t#ifleate of Real Estate V81ue Supplsments! 5chedute Comalete mis torm ta apeRmeni. commart�a�/�nclustAe� or fenn seles on1y� �1;�� 'r' �f—�. ��5�3'��'� _.�_.a [h� sale pnce induaeS eny Isor�! (e fim►Idq�s. peMae6, Su les. f1�W Pa �►D� M e Pa ^as. msahinety Or stoCk i�werRariesl or other �ms (e$•� the gpodwBl of tl�e bu9iness. �e name af the bus►nesa. Maneh�ae, or ap agreement nof to comPet@I. eMel the 'to'f81 value of lhc9e Items here s d" 2 It Ute lu+Yef or seller paid so�rreone to rrieke en apprelsal ot the prnpe�rql's value prior to Its sate, check this box ana. K knowA. sl1Uer the �lDlD�alssd vdlue 3 Connnerelal/tnd�ntrtel Props�'tlac From tHe Ilst of propeY�r Ii�es on'tlte tY2Cf� of thl8 form. ente� me numuer for the vse utac besc dese►ibes nqw me properpr w�s used Just betn►e (t v�s sdd EMer the number that best dexr�es wfWt the propefQr be uaed fvr efter the sale �G s�v�bna�t p�opsrUes: tf tne property sou� was an aperbncnc bulleing, er+ter ehe ta�ai �umber �of apar[ment buildings included In Gte sale p�iCe Enter the tot�l num6er of rence�l unns in alt bulldir�gs Si�nm peops�tlss: How many •ac�es are irrigated7 Haw maryr acres are enroltetl in Reirnest in Mhx�esota (R1M}'t How 11�e�► acles afs ermolle0 In the Conservatlon ReROrve Program (CRPI? Yp No 6 Nres'the buyer ot thts ProPerq� an owner of a PnbPe►b� ecAacent �o tf yea. !n Your catnion. aid the ouyev pay a h�her p�C. ro. ehs properb tnan omer votAnetat buy�ers w0uld have iilaely pBid for iL? 7 ooes the tob� fwrchase PAce �isLed on Ana 2 0l the CerdAc�s c! Rsn( EstAte Value roDrosent the allocation of a sale Dri�e that indu0as another properqi or propertiss sotd t0 ffiis Miyer at the sama thne? L„� Q' B p�C the bUyer lease the property frvm ttre selleer bCfae the puicl�e9e4 [ti}'' Did ths selfer lease tbe I�per4r lrom chs buxet.afEer tf+e p�e? Q t�. 9 Yvas this sais annou�+ced and/or pram�ted tlxbugh reaRoi I(stlngs. new�paper or other p�lkations; attveRisemerRS, or ehrough txaNure or otnat D�moHonel or N�tional Ru1NInQs? If you answereq no. i�ow dd you lP.Am that the pmperp� Mes fo► Sg(e? ?.0 if the properqr wes rentel P�oPerb waB�the buyer g�antee0 a rMnirttum feval ot rer+tal .ineome? u Vuere u�e bur� And se�� /amlry memb�a. buslneaa v��s buslness aKU�stes� o�le subddlarY to dte Otl'x� jahR owness Of tfia prope!'Qt Of 9EDCtQt01A�S Of tlIS bWCIf1oS5? 12 when the propprry was. so1�. was a lbreciosurs, oouK jud�nent a�dsr a other tegal p�oceedir� penel� �n connectton wisn the oroPerqlt L� �3 In your opintan. is the p�1ce tne ProPertil► was ao� for conalaeraby �fferorrt trom wnat you betieMe oM►er simUar propeet(es w�ld sell TiDt� s• It y@S. 2xpldin bfi9lly: O s�cn M� 13w,�. k r 2� 6-0 3 �6 s's y- 3�Ly 3 �ot0uyer �„nt,n„w oet, Dsyu„ro,ih,,,, M9i m your eouqty a4altor's or iecorders ofti�e wRh your deed or conUrsct for deeaf er►d your Certlfleete oi Real Estars Value. swm�iw.e000�ottRe..s�oa �E?r1RTl'JIEI�?" QF RF`•%�:tU��COPY s'"�,' 3 Y�'i`� PROPERTY USE: Indl Flex Bldgs. MUNICIPALITY:GOLDEN VALLEY CODE 453 RC 00 PROJECT NAME: Abraham Condo COUNTY: HENNEPW GBA 2314 CD ADDRESS: 2525 Nevada Avenue North PIN 29-118-21-21-0036 Seq 1 RATIO Y COMP Y AUDITOR ID: 848939 MULTIPLE PID: N COMMUNITY: NBRHOOD: —PROPERTY DESCRIPTION MARKET DATA Year BuiIV Effective Year Built: 1982 1982 Buyer. rv, Abraham Const Quality/ Corxiition: ^v�P`�E AVERAGE Sellee Burke, Loren 14ing, Shirley Const Class/ No. of Blc�s: Sale Data: Date of Sale: 12/16/03 Total Purchase Price: $220,000 Exterior Type Roof Type: Concrete Block Flat 2nd Exterior Type Roof Cvr. Te�tl15 S@t 1 Assume Ind: DN PMT-$40,000 S First Floor Area GBA: 2,314 SF 2,314 SF $180,000 Z TotalFloorArea: 2,314SF PMT-$1,395 INT- 7.00% PMTS-60 BALLOON DATE -12/31/2009 Bldg Perim. Shape No. Rms: Ft Rectangle 1 U Mezzanine Area Use: 0 SF S8t 2 Assume Ind: S Bsmt Area /%Fin /°/a: 0 SF 0% 0% GBA E PMT- INT- PMTS- S Bsmt Use: BALLOON DATE Bsmt Fin SF 0% GBA First Floor Use: officelwarehouse First Floor SF 2,314 SF 100% GBA (;ash Equivalent Price: 0% $220,000 2nd+ Flaor Use: Cash Equivalent Adj: 2nd+ Flaor SF /°k: 0 SF 0% GBA LESS: Personal Property: $0 Tot Off Area: 1,190 SF 51% GBA PLUS: Special Assessments: Ind: Y $0 Cash Equivalent of Real Estate: $220,000 Primary Heating Pct: Package Unit 52 X Sale Price Per Sq. Ft. TFA: $95AT Secor�dary Heating/ PcG Space Heaters 48 y� Sale Malysls: Sale Price Per Sq. Ft. GBA: $95.07 Air Conditioning Pc� 52 Sale Price Per Sq. Ft. NRA: Sprinklers Elevators: 100 Sale Price Per Sq. Ft. Land Area $220,000.00 Garage Ramp Spaces: Sale Price Per Room: $220,000 Surface Parking Space: Parking Surface Type: Asphalt Muttiple Tenancy: N locome oata: PRIVATE DATA Bldg Ht /Avg Clear Ht 16.0 FT 14.0 FT Stories: 1 A Avg. Finished Ceiling HC FT Total Land Area Topography: 1 SF Level Useable Land Area: 1 Zoning Land Def Cd: Industrial F Trackage U6lities: N ali public land BlgRatio Excess Land: 0 to One N Rent scneduie: PRIVATE DATA Environmental Coricem Ind: N Other Amenities: Summary Comments: usted on madcet with Welsh. Buyer called broker and purchased. Purchased for owner occupancy. CD did not effect price. Buyer lives in area and was looking for something close to his house. CONFlDENTIA L********** A CE CONFIDEN TIA L 4� x r a +E� �7� i �r,.�,.. �a F s�'� '�Sa,- 3,, r�s?"�,,yf`�4 �:a.. 1i .�r:'m. <,_,u.a .,a..� "�a.+,g`��. w, ax N� 3 �..oamwa.�. F w.5+w..�» p Y Y ,3' F ,P ^sa� Y: �k S�� 4 a F� d" rt TYPE: 2230-C10 GOLDEN VALLEY Hennepin PROPERTY TYPE: 8-27 PR/ADC� 2525 NEVADA AVE NO #202 2D366 PID: 29-11&21-21-0036 I BR/LEGAI: Subd:CONDOMINIUM NO. 0306 BUYER: ZIV,ABRAHAM PHONE:763-542-3155 2525 NEVADA AVE NO #202 Golden Valley MN 55427 SELLER: BURKE,LOREN PHONE: 763-595-7477 10400 45TH #101 Plymouth MN 55442 MKT VALUE: PUR PRICE: 220,000.00 PROP TYPE: &27 TAXES: DOWN PAYNIT: 40,000.00 YEAR BUILT: 1982 USA/AMT: '130,000.00 PERS PROP: 0.00 FILB NUMBER 848939 USAIDATE: 1/31/1998 POINTS-Buyer. FILE DATE: 01/26/2004 PUR AGREEMENT: 12/16/2003 POINTS-Seller. 0.00 CLOSING DATE: 12/17/2003 DEED/TYPE: C MGTEJCONTRACT MONTHLY PAYMT 9G INTEREST N0. of PAYMT BALLOON DATE 1: 180,000.00 1,395.00 7.000 60 12/31/2009 2: 0.00 0.00 0.000 0 3: COMMENTS: PERSON FILING: DANA C PADDOCK 952-826-3028 ZONING/USAGE: Ofc Condo #BLDGS: 1 #Stories: 1 LAND SIZE: WA BUILDING SIZE: 2314 GBA I �a'^ ti �r :;«r- --�.u.-- a cC0 RD NO 701 p i i t a •""""""rt""""^ j �W i Y y MIM I Y 1 i; t 1 t�;� i i wAN oo a� •v i :i y caao w ws �a".r i i 4 r r�ucr w�[a i r M 11 CfMT 1 11 I 1 t K Oi1 f E,� t 1� i r "S 11 1 .�T m,1 rr �`11 ��Y� l Y 'i.�ia� 1 w S OM s j i17 ��l�� t� i A"" MY i' 03/31i2004 Data-CREV Copyright 2003 Plat System Services, Inc. Plat System Services, Ina has made every effort to obtain accurate arni current fnfom�88tion;but in no manner is the information contained herein guaranteed, artd the publisher shall not be responsible for any loss caused by the negl'igence of any aF its agents or employees in procuring, PROPERTY USE: Office Building MUNICIPALITY:BROOKLYN CENTER CODE 344 C RC 00 'PROJECT NAME: office condo COUN7Y: HENNEPIN GBA 1200 WD ADDRESS: 7046 Brooklyn Blvd. PIN 27-119-21-33-0086 Seq 2 RATIO Y COMP Y AUDITOR ID: 793506 MULTIPLE PID: N COMMUNITY: BC NBRHOOD: Comrc —PROPERTY DESCRIPTIOI� MARKET DATA Year BuilU Effective Year Built: 1985 1985 Buyer. I. B. Xpress Const Quality/ CondiGon: Av�a`cE GOOD Seller. Lor, Cheng Yer-Moua Const Class/ No. of Blcgs: °fste� s�"a F"" 1 Sale Data: Date of Sale: 4/11/02 Exterior Type Roaf Type: Brick Hip Total Purchase Price: $123,000 2nd Exterior Type Roof Cvr. Stucco Shakes�Cedar T6�mS S Set 1 Assume Ind: N DN PMT-$24,600 First Floor Area GBA: 1,200 SF 1,200 SF 9 $98,400 Z Total Floor Area: 1,200 SF P� INT- PMTS- BALLOON DATE E Bldg Perim. Shape No. Rms: 148 Ft Rectangle Set 2 Assume Ind: U Mezzanine Area Use: SF S Bsmt Area /%Fin 1,200 SF 0% 100%GBA E PMT- INT- PMTS- S Bsmt Use: 3g4 BALLOON DATE Bsmt Fin /°k: SF 0% GBA First Flaor Use: 344 First Floor SF 1,200 SF 100% GBA Cash Equivalent Price: 6.9% $123,000 2nd+ Floor Use: Cash Equivalent Adj: 2nd+ Floor SF SF 0% GBA LESS: Personal Property: $0 Tot Off Area: 344 SF 29% GBA PLUS: Special Assessments: Ind: Y $0 Cash Equivalent of Real Estate: 5123,000 Primary Heating Pct Forced Air 100 X Sale Price Per Sq. Ft. TFA: 3102.50 Secondary Heating/ Pct Sale Malysis: Sale Price Per Sq. Ft. GBA: �102.50 Air Conditioning Pct 100 Sa1e Price Per Sq. Ft NRA: Sprinklers Elevators: 100 Garage Ramp Spaces: Sale Price P� Sq. Ft Land Area $17.46 Sale Price Per Room: Surtace Parking Spaca: Parking Surface Typa Asphalt Multiple Tenancy: N Income nata: PRIVATE DATA Bidg Ht /Ayg Clear Ht: 9.0 FT 8.0 FT Stories: 1 A Avg. Finished Ceiling Ht 8.0 FT Total Land Area Topagraphy: 7,046 SF level Useable Land Area: 7,046 Zoning Land Def Cd: RS F Trackage Utilitles: N All Land BIgRaUo/ Excess Larxi: 5.87 W One N s neauie: PRIVATE DATA Environmental Concem Ind: N Other Amenities: Aasn for maint Summary Comments: Advertised sale with appraisal done. Open market /good sale comparable of office condo. PUBLIC INFORMAT/ON ACE PUBLIC INFORMATION T s� a* x� aa r� �a 3�' r J r r Y r s r s '�r t� r '3;� 'N�,- x c �zr��:�,�et�z e'�� y �k. „a ��r ��,��,.F�.. ��mwr� E �Y= t r 5 >,9 K f A��. �a r a d Ya i s ,t;zc rr ��'4a,f�i ,2 2 �iy 7 .k�,,: �6rv, fi i i,� f y e�� s� e ,.zs "�„q,"�'£`� _aE,`�.,� ti�� .�e a sx r� G 1 p.w c� '�s�"�`" „k� ss �`"��v L m T ,,,�A ��1�+,��-` -�,{�c 3 ��t �s. s w s r„� �g 9 x g 9: s `�a �"�a, r F:. ,�Et" k d€�' r av�; vd ..swa�„ F s ��S-, z�� m a l�,.m��"` a N 6 c J t l n �s r .s y a�� .s��`�� .�s s'�'�' �a"-+u�,."'�..�� a -f y" k a +e`�, �s` S �E ��5� ��a� �"3 �„a' a,�;r�'g, �'�m�'4��.A r ``�`�r' f �j f. h`� h "°6-.. ��9`c`xSY',�' ^;s� ,�'e� r�' r ��g x �v, y W,.��" �"'�.�br.�k�":o��3^.�n� ��E$6F 'm `��:«a'^,T, r Q s,-_ i f z x l v u.:,�. „v 1` p: ;y: t. �-.�a i �a fi `"'F i w..� ,a r�' "c�4� i4 o ,r _r r ...z„ ._.n,a_ k x i l. v e. itan3 .s .L..�J r."}t �1C�x l� "'��-43` ACE ��Records of Sale Search Result Page 1 of 2 I� �d ��Ve o Summary of the Commercial Sales Found Search for. Summary of RecoMs Found: Property Use: Commerciat Number of Sales Found 40 I 0344 Office Build(ng Avg. GBA 1,897 County/Munic.: Avg. CE Sale Price a253,970.15 Sale Date: after 01/01/2003 Avg. SP GBA $135A EffecUve Age: StandaM Deviatlon SP GBA 359.91 GBA irom 1000 to 2500 Avg. CAP 14.45 Show: Valid Sales Sort By: County, Munic, PID Se c r .INCOME WORKSHEET 2004 PAY 2005 pID 27-119-21-33-0083 PROJECT NAME Office Condominium ADDRESS 7034 Brooklyn Blvd ZONING R5 OWNER Michael Barbara Nelson 1 Story PROPERTY TYPE O�ce NET LEASES 1 Story YEAR BUILT Built 1985 INCOME ANALYSIS GROSS BUIL.DING AREA 1,920 OFFICE INCOME $11,520 NET RENTABLE AREA 960 MISC. INCOME OFFICE AREA 960 PGI $11,522 0 LESS: VACANCY $461 OFFICE RENTAL RATE $12.00 Note: no vacancy allowance to misc. income. EGl (before concessions) $11,061 Miscellaneous income $2.00 LESS: RENT CONCESSIONS �0 VACANCY ALLOWANCE 4.00% FREE RENT SQUARE FEET VACANT 38 SQUARE FEET OCC. 922 EGI �1'1,061 OF EGI RENT CONCESSIONS 0.00% LESS: EXPENSES $192 1.74% FREE RENT 0.00°!o LEASING $0 0.00% TURNOVER RATE 0.00% TENANT IMPROVEMENTS $77 0.69% TENANTS REMAINING 0.00% RESERVES $55 0.50% AV. LEASING PERIOD 6 MANAGEMENT $111 1.00% TOTAL EXPENSES a435 3 .93°!0 EXPENSES/SQ.FT. $5.00 NOI a10,626 MANAGEMENT 1.00% TENANT IMP. COST NEW $5.00 �CAPiTAI.IZED VALUE $9G,OOO RENEWAL $2.00 EXPENDABLE VAL. OF TI 25.00% PER SQ.FT. GBA $50.00 PER SQ.FT. NRA $100.OU RES. FOR REPLACEMENT 0.50% EXPENSE RATIO 3.93% IEASE COMMISSIONS-NEV1� $2.00 SQ FT LAND AREA 8,568 RENEWAL $0.50 SQ FT EFFECTIVE TAX RATE 5.3400% 2003 EMV 95,500 49.74 CAP RATE 9.75% PERCENTAGE CHANGE 0.52% TAX RATE 1.32% land value 40,000 4.67 OVERALL RATE 11.07% buifding vafue 56,000 58.33 GlDeptsIASSESSiSPREDSH7IASSESSOR12004C1A►(OFFSMALL.XLS]Of�.e Cor►do LAND TO BUILDING RATIO 4.46 1 05/03/2004 Review of 7070 Brooklyn Bivd. 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Rt .ls ��'�s� p y .q r�� i q 1; Qe. ��F�� y, a �fi_ i s�'� 'a ,vr` ��1�� ur�� 15 r +�'N i �h. �,�d m �a 'R� ''S 11',� i">� r s a"'-� n 7 n g 1 y �n s�+� ,m J iv. wY.w� d �r. �,k� d'� J� ,d �,�'r 'v �F �p, 3�J, N, .4 5 1"r i Hv q, �Y f '1� +-Rs s a# �s e r i t r 1 ��{n ti� y x T Y' 4 F t�*�.�.. �z �a �,z<�+.� "fi Srre '�t :..1"' e a 4 �r k j� E ��"'+'a� �fi O ��f.� "t)r �e �@^l� a� p'sb� l :�r rt r s' s �5 t ��w�v,� sc BA�� g a�! ��3�' x ,�y .�,yA s a �C x i ��i ^r F a w g�' r r x �S,y� 1 ?f4° S k' Yf f .�c T p. y ':s I .l� ws� 5 4 r�' qs� ,r �,r� x$,' �a y r s� I Q� b �l� y �l i�� 9� p 'I�y" N�`a .W y,Yf' E �4 �t y. ,�y'��y p Y �x r 4 6 �,.+'a E t J j;•'w �r a'� x' i�., y d �,_'��`o� k A .�q�M ^d °n ��'iya '�Tf.` �r° .�'f4� x 'z a �i 4 r y:�',�St.t ,�x R 4 ��7 p y i �s.� �`'�,5 6. i. �z� z�. t`"� d t t 0'v c *.'�"^t. zad� 'F rC PROPERTY DATA SYSTEM TAXPAYER INQUIRY CURR 319 PROPERTY ID NEXT 27-119-21-33-0092 Pt.Con: Mt.Adr: HOUSE# FRACTION STREET NAME UNIT ZIP+4 Front: Back: 7070 1/ BROOKLYN BLVD 55429+ Right: Left: Ownerl: HUBER, JAMES LUCILLE Y Owner3: Owner2: Owner4: Zoning: R3 Prim/sec: Yr.blt: 1985 "Area: 7403 Acres:. .17 Sch.Dst: 279 Wshd: 00 Gr/Os/Ex: Subrecs: Ol Width: Depth: e Mkt-Land Mkt-Bldg Mkt-Mach Mkt-Tot Tx Capacity Hd PT %Own 2004: 42000 92800 134800 2022 C 0 2003: 42000 65400 107400 1611 C 0 2002: 37000 52800 89800 1347 C 0 Legal Description: NO LOT AND BLOCK GIVEN CONDOMINIUM NO. 529 BOULEVARD PLAZA CONDOMINIUM UNIT NO. 7070 Type PID or ADDRESS: press ENTER; or Fl, F2, F8 PROPERTY DATA SYSTEM LIMITED MARKET VALUE INQUIRY CURR 318 NEXT PID 27-119-21-33-0092 ASSESSMENT YEAR 2004 SUB-REC Ol HOUSE# 7070 F/A 1/ STREET BROOKLYN BLVD UNIT CALCULATE LMV (Y/N) PROPERTY TYPE C HMSTD CODE PART CONST GR/OS/EX REL HMSTD IND CONTIG IND MARKET LAND VALUE 42000 MARKET BUILDING VALUE 92800 MACHINERY VALUE TOTAL MARKET VALUE 134800 IMPROVEMENT AMOUNT LIMITED MARKET VALUE 134800 QUALIFYING IMPROVEMENT AMOUNT' MARKET VALUE SUBJECT TO TAXATION 134800 TAXABLE MARKET VALUE TAX CAPACITY 2022 Make changes: press ENTER; or Fl, F2, F4, F5, F8 I i PROPERTY DATA SYSTEM ***PUBLIC*** DISPLAY COMMERCIAL CHARACTERISTICS PART 1 CURR 311 PROPERTY ID BLDG NEXT 27-119-21-33-0092 A ADDRESS: 7070 1/ BROOKLYN BLVD PROP NAME Boulevard Plaza Condo's DIST 14 NBRHOOD 0011 FRONTAGE DEPTH AREA 7403 IRREG SHAPE NO ZONING R3 AREA RATING SITE RATING ALL.UNITS TRACKAGE NO SEWER YES WATER YES. STREET YES EXCESS LAND NO SOIL CORRECT CONSTR QUAL GOOD USE CODE1 344 X USE PCT1 100 USE CODE2 USE PCT2 USE CODE3 USE PCT3 USE CODE4 USE PCT4 ARCH APPEAL VGD FUNC DEPR PC ECON DEPR PCT P DEPR PCT CONST YEAR 1985 EFFECT YEAR CONDITION AVG CONST. WOOD FR EXT. WALLS BRICK ROOF STR. WOOD ROOF COVER WOOD SHG HEAT1 TYPE F AIR HEATl PCT 100 HEAT2 TYPE HEAT2 PCT HEAT3 TYPE HEAT3 PCT FF AREA 1200 GB AREA 2400 NR AREA MEZZ AREA PERIM AREA 148 TF AREA 001200 AIR1 TYPE AIR2 TYPE CENT AIR3 TYPE AIR PCT 100 BSM PCT 100` BSM USE 124 PLUMBING AVG ELECTRICAL AVG AVG/STORY 9.0 STORIES 1.0 CLEAR HGHT 8.0 ELEVATOR NONE SECURITY SYSTEM Press F1, F4, or F8 CITY ASSES$OR REAL ESTATE DATA Construction Basement ;Psrking Apartment sreakdown Property Name Print Date Q 3� 4 A) Steel Frame 1 BasemeM A�o Ramp 1 I Number Type Area Bou 1 svard R i az a Cende B) Reln. Cona 2 ssmt. use code ��a Surface 2 Eff PID Prop Type: C) Conc. Bik. 3 Plumbing Underground 3 1 Br �T� 1 1�-21 —33 e e 92 A D) Wood Frame 4 X Above Average 1 of Spaces 2 Br Property Address: S) Pre-Fab 5 Average 2 x Area 3 Br 7070 BROOKLYN ��.v� Other 6 BelowAverage 3 Garege TOTAL: AVG: I Exter4or Watls Electrfcal Floor Area I Rents as of Owner Brick 1 I X I Above Average 1 I of Spaces Actual Type Economic HUBER JAMES a Lt�CILLE Y sc�cco 2 Average 2 X Rent �d err Taupayer Wood 3 Below Average 3 Detached 1 I 1 Br Metal 4 Helght I Underground 2 2 Br Concrete 5 Aver/Story R� d Attached 3 3 Br Legal Description Glass 6 of Stories Sprinkler System AvG L�T �L Q�K Other 7 Clear Height of Area Q ��o RentaUF�cpense Information CONDOM I N I UM NO 5�9 Roof Structure Elevator Pooi Gross mcome Wood 1 I X I None I X I Indoor 1 I I Vacancies O�k Land Data Construction Quallty I Steel 2 I I Quantity Outdoor 2 Eff. Gross Income Frontage Excellent 4 Precast 3 Securlty System Flat Charge: Operating Expense Depth 3.5 I Other 4 I Yes 1 Add. Net Income ArealSq. tt. Good 3 X Roof Cover No 2 X Sub. Cap Rate O O� Irreg. Shape 2.5 Pitch 8 Gravel 1 CDE. GRM Zoning R S Average 2 Wood Shingles 2 ��r BUILDING PERMITS Rent/Sq. Ft. p Q Area Rating 1.5 Asp. Shingles 3 I IMerior Inspected Ske Rating Low 1 Insulated Roof 4 No. Date Yes Allow UNAr Use Codes I Other 5 I No 2 rr�c�9e 1 344X 1 O R�'� Heatin9 Tvpe vaiue S oate Yes 1 2 A °k Electric 1 Appraiser Initials No 2 X 3 A 0 0 Forced Air 3� A�o No. Date I Cash Equivalency Sales O�(a Sewer I 4 A 0 A I Hot wate� a �o I Date 12i 19 9 7 Yes 1 I X I Arch. Appeal Space 6 Type Value S Pr�ce gT 5 0 O No 2 ExceileM 1 Pkg Unit 11 Date Water Very Good 2 I X I H& C Air 12 I Price Yes 1 �X Average 3 f Otner COMMENTS 50 LINE No 2 Fafr 4 Building Area St►eet Undersirable 5 I F.F. Area Q d Yes 1 X Depreciation G.B. Area 2� d No 2 Functional N.R. Area Excess Land Economic °k Meuanine Yes 1 I Physical Perimeter 1�$ No 2 �x const.Year i 985 TF 1200 Needs Soil Correction EffectNe Year Air CondittoNng ves I I R ENOIFondRlon Q Package 1 i No 2 Exceilent 1 I Central 2 x Good 2 Wall 3 Average 3 X of Area A/C 01 Q 0'� Fair 4 I I Poar 5 C,� c L.C.E UNiT• L.G.E UNIT 7070 7074 L.C.E. UNIT -Y F �,L �—y �L• �f 707$ v f '..w.-y ..5.4.... 1 ELEJNE j'' f� -24.05•----.,� i I` g J��. ,�,.:':�:��.�,�s� UtVIT :7074.: UNIT 70�� l�N T. =?'07�p=,.a Q Q Q' i �f .4. 'ry '7' O. •e ��l.• 'V V .V V t _UPpE e� a� �UPt'ER LENEL'••• ea •.y' R <Y. LENEL f t t %f �i1' r' r "i'• i f i .:=y.'� �I i �'t� t �i� 1 J w �4�� ^f� l i 1..�� t• 't� ry f'si'..�.aC� ��•r�: �i•� ,r r Z�'.� �.t t ww.�.. r �'j �i 1. :1• .0.45''�:, i 't .��-------2�.Q5------�-.�.»-._ .Z t 1 Es+�c�nc,e.' :a! r 'p .0 r: a OMMON_ E 't. 1 T Y�� r itti 23��c't.=-r� FIALL'.WAY 't .fS{ y ...L. r ''ti�.' �"i:w.�r a.- 1 i ti r y ,t ±•�'L�f.••��L.^a:�2��,..r Y N i r• 1'„ t i r•1 L a• t �j�.�� i•f: t t. v �N�� BU�lLDiNG�� '.'b'=• �l j�. �l •t' n ".•.A� Sr• i t: C. T �f .t� •,y„ 'i;,�.�`• h �v� w"OC'.� -r. �j;,�� ;y'� �uylt!"�"" t.� !�M�. �..y t. N S� ~?�J�� ,�r� ��.�.n'.� :,;�...:r..; Y::+= 23.40-=-- :1� -----24.00':-- :1 __j:---24,fD- tr...':�� .�'1F� M "'�'L.:.�.y 'Ri+..:.C-..:.� �tie 1: �7. 1 �s; t= r -�.s. .abJ�• .t��- ,;y� •.t.:.. .1t..�•o ,n i .S. ::i+�� :a.. �.fJ. ��;i ��:�.7.+ .�.��6'�..: y3f'y"�{�.'a+1"r=:-:�?'•Z'� .`�N�.�^1.. �,,,1: f "76T,;' •t w �'.w,•'-�a 1' 'ti i.• a;� 'f�'.�,f,.;a. .5 M C •r. 1, Y.... r:: i 'r. I .s w i•i.0 1 r f L��. o 6i+±..� i ;t. y`t_'� i...: •'u• j y r .'a»-^.l.�'`'�, iF� .A r •t F a •„r. 'i:• �ti' ..-n«tiit:.. "'"...,"'r t r M :v.'' •h..�'' n:A•• -i:� �'2i :i; ,y f t c S• :.,:ck:;�;..r_;+�.�...;,; r ��I1,"":�'7Q7�' .1 t '`'`.70��'=0 C'. 0='' V��'� ��;a -K J '.s;"'t' r m ��o" .LQWER -..t� r- LEVEL b �.L01NER LEVEL •.L .��:�i�:44�•�::' a LOVYER=;�LEVEL"^.� co -c•.� t i t�, r' r i f 1 1 :`tt «.'.tF• 1 a ..'7'� r: j i.. :l:•-' �:i' :i.,�.t7+::i:� i y i r a :1�;. :.f•... l .i n M. -i7•« F •Z 'C�� C. T s }t•• �.i".LY� 1 '.iM. r.:�.i �i. 1::� �.I y I...• M -•--M t ':r'w �0.50 r Y -Z4.00.:— r "t: :4�. •.J ':r,' ,.r .•�i1\..��' Y:•�- i s' J ��Jw�. �...'L•� iw' �S 1 PROPERTY DATA �YSTEM SALES RECORD INQUIRY CURR 308 I, PROPERTY ID Address NEXT 27-119-21-33-0092 7070 1/ BROOKLYN BLVD SALE TYPE SALES DATE PRICE OF SALE RATIO REMARKS 12/1997 87500 26 X Not Listed or Apprai 1/1996 85000 l X NO GOOD PER CTY 12/1985 122003 1 X PART. CONSTR. CRV Press F1, F2, F5, F8 Market Approach Sates Analysis Subi�ct Prooxtv Comoirable Ons Comoarabls Two Comoerabls Thres Comouabls Fout p�� 7070 Brooklyn Bivd. 6200 Excelsior BNd. ,#101, St. Louis Park 12225 Champlin Dr.. Champlin 2525 Nevada Ave No, �f202 7U46 Brooklyn Blvd. p�D 27-119-21-33-0092 21-117-2132-0133 30-120-21-24-0033 29-118-21-21-0036 27-119-2133-0088 5128 500 3330,000 $220.000 $123.000 Sale PAea 12/17I2003 04H 1 /20�2 SaN Dats 10f30l2003 02106/2003 Desc�lr�tlon Adk�stmsnt S DeserlDt�on I Adiwtmsnt S DsaeNPgon AdiusdneM t oesc�tatlon i Adaustme�rt S' Finanelnn TYPical 0 T Y p i c e l I 0 T Y O i c al I 0 TYDicel 0 Not Soecified 0 None I 0 None 0 None 0 Sosd� Asssssm�nb Cleaning Business 0 None 0 personal PropsR�r PeiMinp Suopliea ($10.0001 None 0 None T1me Adiustmsnt 2 Months SO 10 Mordhs I SO I SO I $0 I Adlustul Seb PAw 5118.500 I 3330.000 I $220.0� I 5123,000 0 Good /&20 I 0 Averape /R5 I 0 Averape C2 I loe�tion i Zan{nq Averape 1 R-5 Averasle 1 G2 I I I sne sw �sa. tc� �,�o� sa. n. o �sss o �ses o ConstructlonY� CondNon AveraPe Avera[ae 0 Good I 0 AveraOe 0 Avereqe I Constructlon TnW Waod Frame Wood Frame 0 Wood Frame I 0 Concrete Blodc I 0 Wood Frame I 0 Eztsdor Bridc Cedar 0 Brldc I o Concrete Btodc I 0 Bticic I U Flrst Floor Arsa 1.200 1.031 so. Q. $0 2.410 su. ft. I SO 2.314 sq. ft. I $0 1.200 sa. ft. I Gross BuildirM Aroa 2.400 1,151 sa. ft. SO 2.410 ao. ft. I SO 2.314 sa. ft. I $0 2.400 so. R. I g� p� 1.200 so. ft 120 sa. ft. 0 None I 0 None I 0 1,200 so. ft. I 0 1 I 0 1 I 0 1 I 0 $todes I 0 Av�BtorxiqrHt 5/8' 9'/8' I Air Cond./BaAnklerod 100% I 100% 100% I 100% 0 100% f 100% I 0 Asohalt Aschalt 0 Asohalt I 0 Asohak I 0 Asohak I P Q Common Baths lerye 3kylipAt No pry�e� p�pM� 2 Baths, Common Entry windows Sepe�ate EnVances I f211 per moMh Own 5275 per moMh Afsoolal(on Fses Udiitiss UtilitY metan Own Uu1NY Meters I i 30.00 $0.00 50.00 I 5�.00 ToW Adiustmsnts I Adfustsd 8als Pric� 5118.500 I $330,000 I 5220.000 $123.�0 Adlusbd 8ale N/ so1.-R 5102.95 I 3136.93 I 595.07 I $102.50 I I 8ale Prlc� Sa. Ff. Land Marke# Sales Analysls,Value Range �95.07 to 5102.95 5ubiect Prol�ertv Valuatlon for Rentable Area of 1 �200 sq.� ft. 5712.33 �er sq. ft af 5134,800 recommendatlon to 3120,000 or 5100 per sq. ft. ?ROPERTY USE: Office Building MUNICIPALi7'Y:ST. LOUIS PARK CODE 344 X RC 00 PROJECT NAME: bsmt condo no windows COUNTY: HENNEPIN GBA 1031 WD ADDRESS: 6200 Excelsior Boulevard #101 PIN 21-117-21-32-0133 Seq 2 RATIO Y. COMP Y AUDITOR ID: 844928 MULTIPLE PID: N COMMUNITY: NBRHOOD: I —PROPERTY DESCRIPTIOH MARKET DATA Year BuilU Effec6ve Year Buiit: 1986 1986 Buyer. AJ Superior Cleaning, L.L.C. Const Quality/ Conditlon: Av�ncE AVERAGE Sellee LGH Properties, L.L.C. Const Class/ No. of BId3s: �^�D °fs� s�"d F"" 1 Sale Data: Date of Sale: 10/3W03 Exterior Type Roof Type: CedarlRedwood Ga6Ie Total Purchase Price: $128,500 2nd Exterior Type Roof Cvr. BtICk Shingles/ComposWon T@I'IT1S Set 1 Assume Ind: DN PMT-$25,700 S First Floor Area GBA: SF 1,031 SF I PMT- INT- PMTS- 2 Total Floor Area: SF BALLOON DATE Bidg Perim. Shape No. Rms: pt Rectangle 1 see comments on PP am U Mezzanine Area Use: SF none Set 2 Assume Ind: S Bsmt AI'ea /%Fin 1,031 SF 100% 100%GBA E PMT- INT- PMTS- S Bsmt Use: ��e BALLOON bATE I Bsmt Fin 1°/u: 1,031 SF 100°10 GBA First Floor Use: bsmt condo south sd First Floor SF SF 0% GBA Cash Equivalent Price: 6.01 $118,500 2nd+ Floor Use: Cash Equivalent Adj: 2nd+ Floor SF SF 0% GBA LESS: Personal Property:. $10,000 Tot Off Area: 1,031 SF 100% GBA PLUS: Special Assessments: Ind: Y $0 Cash Equivalent of Real Estate: $108,500 Primary Heatlng Pct: Forced Air 100 Sale Price Per Sq. Ft. TFA: Secondary Heating/ Pct Sale Analysis: Sale Price Per Sq. Ft GBA: $105.24 Air CondiGoning Pct: 100 Sale Price Per Sq. Ft. NRA: Sprinklers Elevators: 0 0 Garage Ramp Spaces: 0 0 Sale Price Per Sq. Ft. Land Area: $98.01 Surtace Parking Space: 60 Sa�e Price Per Room: $108,500 Parking Surface Type: Asphaft Multiple Tenaney: N Income oata: PRIVATE DATA Bldg Ht /Avg Clear Ht: 9.0 FT 8.0 FT Stories: 1 A Avg. Finished Ceiling Ht: 8.0 FT Total Land Area Topography: 1,107 SF sloping Useable Land Area: 1,107 ZoningJ Land Oef Cd: C2 F Trackage Utilities: N ALL Land BlgRatio! Excess Land: 1.07 to One N Rent schedu�e: PRIVATE DATA Environmental Concem Ind: Other Amenitles: Summary Co�nents: CRV Purohase Price was $128,500. Buyer rec'd $10,000 (Prsl Pty) back from the sdier at cbsing for painting and his cleaning business investment. Net Price to RE is $118,500. Appraisal Concl was $128,500—mtg appraiser did have PA which was �$128,500. The unit is South side Basement Condo with a skylight (16' x 4� and no windows. Each caido has a separate 12' x 10' bsmt stordge locker that area is excl from the above areas. There are common area restrooms (ea floor) and parkirn� area. Association Fee of $2751 mo includes a Rplrtd Res for parking surface raof cover. Each unit has their own utility meters except for watec S11rs Mtvn Had recenUy purchased this condo and two others this me was undesirable due to no window§. See Add'I Comments. i Page 2 PIN 21-117-21-32-0133 Se4 2 I '%a x, y„ i I I� 1 •�""�`�`J� I f ,w I j <:=}o �.y t ''T�H d. r f 3-..' .d..`YZ -:q" �':Y'S P. �fk a' �3e"d_. ra "a�'C m y 3 f �._c aw�ue V A 1_ L yY �.:«'tm."•c `A±�..'r:c'_.�&,.. mE. ,.y �'i" ,5 ��:9�`..°'°, .t w ys M'wV'. ..'w"'n"'"`wv.wn�. e .r .:r I ry x 1 xa a :,u, 1 `��E z z W,,.w,,.' °x S 'e` r� .�a i.c z -��k ,M, .,M,,• a. d' 3 .,,,.:^,+�i°�"�� Y �w ,,,,,..a, t; x... ..r� PROPERTY USE: Office Building MUNICIPALITY:CHAMPLIN CODE 344 Z RC 00 PROJECT NAME: COUNTY: HENNEPIN GBA 2410 WD ADDRESS: 12225 Champlin Drive PIN 30-120-21-240033 Seq 1 RATIO Y COMP Y AUDITOR ID: 821004 MULTIPLE PID: N COMMUNITY: NBRHOOD: —PROPERTY DESCRIPTIOH MARKET DATR Year BuilU Effective Year Built: 1998 1998 Buyer. MDS Properties, LLC Const Quality/ Condiban; �OD GOOD Seller. Champlin Drive, LLC Const Class/ No. of Bl�tjs: �"�D °f S� 1 Sale Data: Date of Sale: 216/03 Exterior Type RoaF Type: Brick Flat Total Purchase Price: $330,000 2nd Exterior Type 1 Roof Cvr. Tar and Gravel Tei'ms S Set 1 Assume Ind` DN PMT-$0 First Floor Area GBA: 2,410 SF 2,410 SF Z Total Floor Area: 2,410 SF PMT� INT- PMTS- BALLOON DATE Bldg Perlm. Shape 7 No. Rms: Ft Rectangle U Mezzanine Area Use: SF S@t 2 Assume Ind: S Bsmt Area /�oFin 0 SF 0% GBA E PMT- INT- PMTS- S Bsmt Use: NA BALLOON DATE Bsmt Fin 0 SF 0� GBA Frst Floor Use: Office Condos First Floor SF 2,410 SF 100% GBA Cash Equivalent Price: 5.85�0 $33Q000 2nd+ F{oor Use: Cash Equivalent Adj: 2nd+ Floor SF SF 0% GBA CESS• P�sonal Property: $0 Tot Off Area: SF 0°h GBA PLUS: Speeial Assessments: Ind: N $0 Cash Equivalent of Real Estate: $330,000 Primary Heating Pct: Package Unit 100 Sale Price Per Sq. Ft. TFA: $136.93 Secondary Heating/ Pct: Analysts: Sale Price Per Sq. Ft GBA: 5136.93 Air Conditioning Pct 100 Sale Price Per Sq. Ft. NRA: Sprinklers Elevators: 100 0 Garage Ramp Spaces: Sale Price Per Sq. Ft. Land Area: $136.93 Safe Price Per Room: Surface Parkir�g Space: Parking Su�face Type: Asphak Muttlple Tenancy: Income flata: PRIVATE DATA Bldg Ht /Avg Clear Ht: 11.0 FT 9.0 FT Stories: 1 A Avg. Finished Ceiling Ht: FT Total Land Area Topography: 2,410 SF Useable Land Area: Zoning Land Def Cd: G2 F Trackage Utilities: N Land BIgRaGo Excess Land: 1 to One N Rent Schedule PRIVATE DATA Environmental Concem Ind: Other Amenities: Summary Comments: This was a sale af a office cocdo, which is part of a lager office canplex. Aacord'ing to the seqer, there were a number of these otfice corxlo units listed at one time each se9ing with in the last two years. 1 1 111 i i i I I i i a i i t t �•��y,3�'� s e .��6 i f� Y d ��'^4.�� .rs ��8k��y:'?' �.k. x ,k t j r, Y 4 l t r �r� t., :v ��:'�a r �t �i'S 1 4 r x 4$ f F 1 �t z�� .5�, vA, r1+� R 'Fr 4� r a r t��, ��f� ,;✓F� y c 4b�: .ky y �.r r J� F .7 G.O�! t�� :"''Z{irrg. k i 'r''�g' .y-...: i. �s�i'a�_ .,?r ��t= _"r n.� _J� r M e v v ti�� x r,$. �a. �,9 e f' y i i i ,ri h t :.y City of Brooklyn Center A Millennium Community TO: 2004 Brooklyn Center Local Board of Appeal and Equalization RE: Steven Janet Jordan 6640 West River Road PID# 36-119-21-13-0003 Mrs. Jordan called in April, 2004 regarding her 2004 valuation notice with concems and questions regarding taxes and her 2004 valuation of $384,300 on her property. Mrs. Jordan expressed a concern for the area under construction by the Corps of Engineers. Mrs. Jordan is in the area of the river that is currently involved in a temporary and permanent easement with the front footage of her property along the riverbank. Jill Brenna went to the property for a physical inspection an Apri! 12, 2404. This property is a single-family residential property located at 6640 West River Road. Building structure is a 1,816 sq. ft. rambler with eight total rooms. First floor room count includes finro bedrooms, family room, living room, dining and kitchen. Home includes two fireplaces and one wood burning stove. Below grade finish includes one family- room and one bedroom. Building has gas forced-air fumace and central air-conditioning. Structure is in average condition for a river property. At time of assessment property included a deck. After the physical review of the property, Ms. Brenna indicated that the deck had been removed at the riverbank and coRected the characteristics to reflect this. With these changes a recommendation was made to reduce the 2004 value from $384,300 to $383,500. Mrs. Jordan had expressed concern over items that were lost due to the river projed, but these items were items that typically are assessed. After review of the project area, the city may adjust the land values in this project area once the condemnation paperwork is filed and appraisals have been provided. There are two river sales in Brooklyn Center that were used in the attached grid, in addition to a large off water property for comparison to Mrs. Jordan's value. STAFF RECOMMENDATION: Reduction of Mrs. Jordan's estimated market value from $384,300 to $383,500, taxable market value will remain at $300,800, Respectfully G�/ Nancy jcik, S City Assessor 6301 Shingle Creek Parkway Recreation and Community Center Phone TDD Number Brooklyn Center, MN 55430-2199 (763) 569-3400 City Hall TDD Number (763) 569-3300 FAX (763) 569-3434 FAX (763) 569-3494 www. cityofbrooklyncenter.org SUBJECT PROPERTY 6640 West River Rd Steven Janet Jordan PID# 36 119 21 13 0003 t�w i s r�C�� 5 "�r q d �"�l e J 'e+� '4 i1� /i' ;.��r s�; 4 r .i t'�; x 1 P x .a �i- �,t�e �n ,.jtl.'� W.�f�lei��`,_ �e ��v� .4 i y ,arTw� I ■■c��r ��:x r, �i rc =�s a- �I� LAND CHARACTERISTICS Land Area 38,250 sq. ft. River Frontage Approx. 82 ft. 2004 Land Value $207,000 2004 Bldg. Value 176,500 TOTAL 2004 EMV $383,500 BUILDING CHARACTERISTICS Style: Rambler 1,816 sq. ft. Main Level Room Count: 6/ 2/ 1.75 Below Grade Room Count: 2/ 1/.75 Garage: 2 Car Attached/2 Car Detached Fireplace: 3/2 Fireplace 1 Wood Burning Stove Porches/Decks/Misc: 540 s.f. Deck/Heated Insulated Garage Central Air Conditioning: CAC CITY OF BROOKLYN CENTER Subject Property: 6640 West River Rd P I D# 36-119-21-13-0003 Steven Janet Jordan This map was created by the assessing division for illustrative purposes oniy. r w, �.,t: t �-.t� ,y� v'�• �`�i�•� i �+a,"''''S'`` ..t t �h,�, ti �t� ,r 1 y�. �t r :,.ti �p:;;'d r .K•: v '.i.a I r~r; V ��1� �4` x. t "�i:. ;r: 'C,• y 1 K h t t:: 1 �n;�.' S �,��k,.� 2` r ?y y 1 .'1 3 a F „n,< Y��+��,.� a tl ,rd°�� r 6640 �"y� y ��:'r 4. ti, ^+i,� ;ti F�' J} y" �e� 7 ��A'4 �yI' 1 p ��i. 4,�'� 4 a�� .{(�.1� y, .4��. f�fi�►' `�'r ..'a.." �ti n a!'p3kt'� iM '.7^.�. 1 't ��YJ �41 �r �-S,�.r P �e: �.rd i y Q ei ��a d 'i� 1 Y �w y y yy�� e s. �+M�',` �A.. i i, J�' 6 T r, k �w z h r� j -4� R ..L y ��lr` +R F. y y 7 o i.� l t,'� y 3 `i� F �,j/� u b F �r e Y> 'I�'�J Y�� t y: �!x'� �3: r, '�`a�- •s s 1, 4. b sk r 7c ��i L sv ri4. I r �"t •x u' t 1� ti COMPARABLE SALES PHOTOS Comparable 1 5432 Twin Lake Bivd E 03-118-21-34-0031 �r x �r� t y `�H=:: 1 �j t p i 4 t i k r r :r; y :r y i �I C; 7 �i t yV r'r. k �N' w u r'� 1 ..i ".1� f.` j yI s r lf.�i. f -.y1 r' 4 �I �a �.r� tx �,"'-ts I i g rry i t 4 E r.. g t Land Characteristics Land Area 19,740 sq. ft. Off River Location Soid: Oct., 2003 Sale Price: $240,000 Building Characteristics Style: Rambler 1,564 sq. ft. Main Level Room Count: 6/ 3/ 1 Below Grade Room Count: 1/ 1/.75 Garage: 2 Car Attached Fireplace: 2 Porches/Decks/Misc. 156 s.f. Gr.eenhouse Central Air Conditioning: CAC COMPARABLE SALES PHOTOS Comparable 2 6858 Willow La PID# 36-119-21-12-0004 RU, Yp !-'C�� t y r ..i Y h 4 .:C ��,v�' 1 4 Y w i 7 `j 1 �e '�,��4 1 k �,'c:. y .5� �i i� `ti. Y l R"� f f k t a), �.l�` Y i l��: 1 i!�#,:� f z a� 1: Y `�4�., y. 'y, �p ;'.''ii� f. j ti ��rt ��+,'�tf7 �w �2s o i ��a—a as".��R x.r�v;- 4 '�y-�`#��`�§� �f�� s 4 4a�'.�*`� Land Characteristics Land Area 21,050 sq. ft. River Frontage Approximately 100 ft. Soid: September, 2003 Sale Price: $412,500 Building Characteristics Style: Rambler 1,624 sq. ft. Main Level Room Count: 6/3 1.5 Below Grade Room Count: 3/ 1/ 1 Garage: 2 Car Attached Fireplace: 2 Porches/Decks/Misc. 640 s.f. Pool/ 168 s.f. Open Porch/424 s.f. Dck Central Air Conditioning: CAC COMPARABLE SALES PHOTOS Comparable 3 6900 Willow La PID# 25-119-21-44-0004 ,t: y� 4 «r it '�y�.. 4 t'{ tf r ':t' t �r ':s :.��'a.� r y ;j-� t r t w� e Land Characteristics Land Area 19,608 sq. ft. River Frontage Approximatety 100 ft. On Ravine Sold: June, 2003 Sale Price: $425,000 Building Characteristics Sty{e: Rambler 1,495 sq. ft. Main Level Room Count: 5/ 2/ 1.75 Below Grade Room Count: 1/ 1/ 1 Garage: 2 Car Attached Fireplace: 2 Porches/Decks/Misc. 192 s.f. Screen Porch/ 332 s.f. Deck Centrat Air Conditioning: CAC CITY OF BROOKLYN CENTER COMPARABLE SALES #1: 5432 Twin Lake Blvd. E(Map on next page) #2: 6858 Willow La #3: 6900 Willow La This map was created by the assessing division for illustrative purposes only. I 1 t i ��"'�'7; t .7� w r A "1 R wKI M 1 M ,1 '4 'L .A �o A P 1 y r! �`b. 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"4 l x ,�'�3 4 l`.' f_ y i7� r 'r` i RESIDENTIAL SALES COMPAFtABLE ADJUSTMENT GRID APPRAISAL OF 6640 West River Rd Brooklyn Center PID# 36-119-21-13-0003 9.7% growth from 2003 to 2�04 annually SUBJECT COMP. #1 COMP. #2 COMP. #3 COMP. #4 NaME Steven Janet Jordan NAME ADORESS 6640 West River Rd 5432 Twin Lake Blvd E 6858 Willow La G9OO WIIIOW Ld ADDRESS PID 36 119 21 13 0003 03-118-21-34-0031 36-17 9-27 -12-0004 25-719-21-44-0004 vio SALE PRICE $Z4O�000 $4� Z�SOO $4IS�OOO SAIE PRICE Financing Adjushrwnt $0 $0 Financing Adjustment Sale Price $240,000 $412,500 $425,000 Sale Price (Adjusled for Finance) (Adjusted for Finance) SALE DATE Oct., 2003 $3,900 Sept., 2003 $10,000 June, 2003 $20,600 SALE DATE I Sale Price $243,900 $422,500 $445,600 Sale Price IAdiusted for Time) (ndjusted for iime) LOCATION Very Good Inferior Similar Similar LOCATION I SITE FRONTAGE 38,250 S.F. Apx 82 19,740ILAKE VIEW 5150,000 21,050 S.F. i Apx 100 542,000 19,608 S.F. Apx 100 S42,000 LOT SIZE STYLE Rambler Rambler Rambler Rambler srr�e ROOM COUNT Above 6/ 2/ 1 Full 8 7 3/4 Ba 6I111 Full 6/3 2 3/4 Ba 5/ 2/ 1 FUII, 1 3/4 Ba ROOM COUNT Above Grad� Grade Tofal /BR Baths -Total /BR Baths SIZE (s.f.) 1,816 S.F. 1,564 53,000 1,624 j2,000 1495 S.F. 55,000 S¢E �s.t.) I Yr Built EFF Age 7950/7960 1956/1966 1962/1978 1971N975 VEAR BUILT CONDITION Average Superior (E20,000) Superior (E20,000�„ Averege CONDITION FIREPLACES 3(2 FPL 1 WOOD STOVE) 2 2 2 H FIREPLACES HEAT AIR C. GFA/CAC GFAICAC HW/CAC GFA CAC HEAT I AIR C. BSMT Partial/1384 S.F./ 50 FIN Full/1564 S.F./ 50% FIN ($2,000) Full/1624 S.F/ 75% FIN (518,000) Full/1495 S. F. /25% FIN �(52,000) BSMT BSMT FIN. ROOMS 1 BR, t FR, i�l4 8A 1 FR, 1 3l4 BA 1 FR,1 KITCH,1 BR, &DLX BA t BR, 1 FULL BA BSMT FIN. ROOMS GARAGE �#cars) 2 Car Att 2 Car Detached 2 Car Attached $10,000 2 Car Attached $10,000 2 Car Attached $10,000 GARAGE (#cars) AMENITIES Deck Heated, Insulated Gareg� Greenhouse Porch �$4,500) Poo1640 sHOpen porch Dk ($10,000) Screen Porch 8 Deck ($7,oao) AMENTIIES REMODELING Kitch Ba Remodel ($10,000) Skylight (5500) REMODELING OTHER Average Walkout No Walkout $7,000 Supe�ior Walkout ($5,000) Superior Walkout ($5,000� OTHER Net Adjustment $143,500 ($9,000) $42,500 Net Adjustme�rt Indicated Value $387,400 $413,500 $488,100 IndicatedValue I I �Valuation Reconciliafion: Value Ranae $387,400 to Sd88.100. Sustain EMV of 5383,500 COMMENTS: Subject property is located along Mississippi River with 82 feet of river frontage, and a deep lot extending all the way to West River Rd. Property is along Corps of Engineers riverbank improvement i area, and currently does not have a recorded easement on file with the city of Brooklyn Center Subject is a rambler style home of above average size with average quality finish in good condition. Property upgrades include an approximate 20x20 1 story over crawl addition of a famiiy room and 3/4 bath; updated kitchen, and a heated and insulated attached garage. Review of property on April 12th, 2004 indicated an adjustment of $800 to account for a deck the homeowner lost due to the riverbank project. Any adjustment to land value pertaining to the corps of engineer's project will be done via abatement once recorded easement copies are on file with the city, and a determination of fand value included in easements is provided by appraisals. G:\DeptsWSSESS\BOARD120041[Jordan Grid test.XLS]OS Board Grid (2) 05/03/2004 I PROPERTY DATA SYSTEM TAXPAYER INQUIRY CURR 319 PROPERTY ID NEXT 36-119-21-13-0003 Pt.Con: Mt.Adr: HOUSE# FRACTION STREET NAME UNIT ZIP+4 Front: 82 Back: 6640 1/_ WEST RIVER RD 55430+ Right: Left: Ownerl: JORDAN STEVEN P Owner3: Owner2: JORDAN JANET M Owner4: Zoning: R1 Prim/sec: Yr.blt: 1950 Area: 38250 Acres: .00 Sch.Dst: 11 Wshd: 00 Gr/Os/Ex: Subrecs: 01 Width: Depth: 480 Mkt-Land Mkt-Bldg Mkt-Mach Mkt-Tot Tx Capacity Hd PT �Own 2004: 207000 176500 383500 3008 H RL 100 2UO3: 110000 176800 286800 2616 H RL 100 2002: 93000 144800 237800 2336 H RL 100 Legal Description: LOT 12 BLOCK AUDITOR'S SUBDIVISION N0. 310 HENNEPIN COUNTY, MINN Tvoe PID or ADDRESS: oress ENTER: or F1. F2. F8 PROPERTY DATA SYSTEM LIMITED MARKET VALUE INQUIRY CURR 318 NEXT PID 36-119-21-13-0003 ASSESSMENT YEAR 2004 SUB-REC 01 HOUSE# 6640 F/A 1/_ STREET WEST RIVER RD UNIT CALCULATE LMV (Y/N) PROPERTY TYPE RL HMSTD CODE H PART CONST GR/OS/EX REL HMSTD IND CONTIG IND MARKET L.AND VALUE 207000 MARKET BUILDING VALUE 176500 MACHINERY VALUE TOTAL MARKET VALUE 383500 IMPROVEMENT AMOUNT LIMITED MARKET VALUE 300800 QUA�IFYING IMPROVEMENT AMOUNT MARKET VALUE SUBJECT TO TAXATION 300800 TAXABLE MARKET VALUE TAX CARACITY 3008 Make chanaes: �ress ENTER: or F1, F2. F4� F5. FS I i. II •i� I 1 i i i� j r f�s' i��f�'-'i' rv' ..��e;_ ,�5�� d,e� w .j �4 �i v ♦v T��'��ji��''�i?�� f t�'��f �5�� A, i I��+ t 65F' 5 d r �A ��s� r�� 'd r ;y y i ,��✓�l y r -r ��y,�� d o �X�, t�; ��t` y,�� .�,r= ��,e$ �a p 1 A✓�i 3p 1 4 s y h t e ,a '4. srt✓L r �l 7 t 4 45 .++c �i. l 3 1�'1'�/! j l ��tv�P l 'vq F �5.,"Y i/. 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P,..,�.� <:i r��. i f; j M �a�«+.. .�-m„ .y... �T_.,�� ...cti _A.�„��e—,.�w y "�.s�•p "'°.s x «?��`c,rM ,..a,.r..a"'e!'�'a'S r n ..R 3 .r .m i✓��y f �.,y,,,.,,,,w««.��"°° �'t a- r �'4� a��"'� h` ,.:,x i;;e `J;�% �t �a; d,, r i F Q, u 1 '5.�. 1�L S f r 'r e }�r 1 ev�.: �1� ��ti�.� b 1 +r :�iz; n,'�, 3. �,�1';., I T 1 t y i t J .fi� ,c�' a r �`,1 ��.wt s. yk,� ,1 rs'� r ,.Y �;yt 4 i A z r'� A City of Brooklyn Center A Millennium Community TO: 2004 Brooklyn Center Local Board of Appeal and Equalization RE: Williarn Kenny 7036 Willow Lane PID# 25-119-21-44-Q023 Mr. Kenny called April 5, 2004 regarding his 2004 valuation notice with concems and questions regarding his estimated market value of $318,900. Mr. Kenny expressed a concern for the lot value and his minimal frontage on the river. Mr. Kenny was informed of river sales in Brooklyn Center and directed to get a market analysis on his property. Mr. Kenny provided email documentation that he had received from Mr. Thomas Stanek and HomeValues.com. The information provided was informal and did not indicate a full market analysis, nor did it include waterfront property. Mr. Kenney was contacted by JiU Brenna and myself, regarding verification of the information received. In an attempt to clarify the infoRnation provided, 1 tried to contact Mr. Stanek but did not receive a response from him directly. Mr. Kenny was informed of the procedures and directed to appear at the Local Board of Appeal and Equalization. This property is a single-family residential property located at 7036 Wllow Lane. Building structure is a 1,616 sq. ft. rambler with seven total rooms. First floor room count includes five rooms which includes three bedrooms, living room, kitchen and one spa and one full bath. Home includes two fireplaces and central air conditioning. Below grade finish includes finro rooms, one family-room and one other. Building has hot water heat and separate central air-conditioning. Structure is in very good condition for a river propertY. There are finro river sales in Brooklyn Center that were used in the attached grid, in addition to a large off water property for comparison to Mr. Kenny's value. STAFF RECOMMENDATION: Sustain estimated market value of $318,900 with a taxable market value of $229,400. Respectfully r Nancy Woj SA City Assessor 6301 Shingle Creek Parkway Recreation and Community Center Phone TDD Number Brooklyn Center, MN 55430-2199 (763) 569-3400 City Hall TDD Number (763) 569-3300 FAX (763) 569-3434 FAX (763) 569-3494 www. cityofbrooklyncenter. org 1 11 r v�� G @s 4�' fi, e�- A r !�p x 6a w�" 4� r 7 A �r-'ti� a �L 1 'ytq�� "7 a^ u 4 4'�� i A v. w ��eb"�?3�� j�i. k 7"�� k� a!'. r 1 '�t r t h.. Nr+ :°A. �t� .�`d�' �iriS�e,F ,1 '�f t� z t aY y 3'. 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"°V..,»Tn++ 6. ..MW .r..+r �Y s�'tW4".�'' Yu s�� y+ Mf� '�'��.w '$d 3F �Y t... .H d1 diiA' •«�3"' �y,en. .+�:,c,�� mcJ"�'u"m, ^t�" �pid �I< ''`�°'q�' x a" .�"a�»�"` n e�..:,, w �"ti f ,�r*E s �s� t �`,z� ��!�,t�`[ a f tk 7S y� i '�j,� x `'�^c V} `y3 t;e�y q Y y "'��a �`��t� x ��'S� •�d� }*��"�m ,a tx x P �f �.;`f�V ti yf, t 6 'v �'4t ��a S� F 4 r,. i i i i� CITY OF BROOKLYN CENTER Sub'ect Pro ert 7036 Willow La J p Y P I D# 25-119-21-44-0023 William Kenny This map was created by the assessing division for illustrative purposes only. ;r <ti i a w �c aa i k �+.:;q�am�''. a y ,�,��✓c �a: i s :�4rN°�` �s��.�+j�, e z !�1 t a 2yfi s. x E 4 ¢F ey�� 3 M� i 4 s t p �6 x s s' s�,�:w''; #`s '7s� t*" °1 v3 v 5 M „Y a 5 a fi ;��C� e 5! l a. y 9 vp 1 �s x S: h"� �~k 2 y� F r e Z y }m n a 4s �4 t a r :1L w .r. v 4 i�: M 'i S I' 14 i I i M x w �Z�� d II 1� y+ x Y 1M 7w a i�l��?�w ,3 I I 5 f j k is ,C RS t `4�' �k V� t 3 .u+ Y�.yk j�� I 4�. b� F� 5t%.��m�' ,�r. Y v n`I �.K_ 4- a?. yy _.t �t� T'~ F� p k r :y 7036 w �f� u �'f�' k"�' k h� '•d� "€iw x r .#I� s �Y t 's r� �i #z ^f+ kr�� w�� "t'+€ I A �r,.� '*,y s l i qy�;. J+'a' 3 �3�t. ;x v 9a: 'n y k�"�« f `�x y� vS t t ��j� �i j F �c ff ��b y s t�,�n y w 4 g d t t Y y h'> 'd f�"_ 0. ��}ti 4' p�,.� �8 f r L "25K �""�Si t f J e k Y a r w:, �i`. y.8�� f ,a� x a rt y, F �i X l s �tt A ya '�7�,�'` f t. .1 A«.��f ,s p• COMPAR.ABLE SALES PHOTOS Comparable 1 6900 Willow La PID# 25-119-21-44-0004 4 t i..G, i Y l }vr y ti' `.i h .+t ^t 1 ,li y. .;kj: �y� l ,r� t t F eif y. y� e jr r t e V �r d Land Characteristics Land Area 19,608 sq. ft. River Frontage Approximately 100 ft. On Ravine Sold: June, 2003 Sale Price: $425,000 Building Characteristics Style: Rambler '1,495 sq. ft. Main Level Room Count: 5/ 2/ 1.75 Below Grade Room Count. 1/ 1/ 1 Garage: 2 Car Attached Fireplace: 2 Porches/Decks/Misc. 192 s.f. Screen Porch/ 332 s.f. Deck Central Air Conditioning: CAC COMPARABLE SALES PHOTOS Comparable 2 6858 Willow La P1D# 36-119-21-12-0004 IFi� �'nC ��X�`d��w�'h ,ti r,� t' r,.. y ty ,�,'F s y t r�� i J r .J t 1 "'�y f e t ��i"�F..--..� l. R� �L„� t r l i fti .1 y f f.: �I ��`j f II ry t t Gr. r c q ti.,�t 4 fi� >i'� C'� a�. r y1.i 1_ r.'r t, S 1^.:+? y i ��t —.t I i��..'��" �z �g� �:t��` �nx "�e�.f+�%.r q'. _r =,4 Land Characteristics Land Area 21,050 sq. ft. River Frontage Approximately 100 ft. Sold: September, 2003 Sale Price: $412,500 Building Characteristics Style: Rambler 1,624 sq. ft. Main Level Room Count: 6/ 3/ 1.5 Below Grade Room Count: 3/ 1/ 1 Garage: 2 Car Attached Fireplace: 2 Porches/Decks/Misc. 640 s.f. Pool/ 168 s.f. Open Porch/424 s.f. Dck Central Air Conditioning: CAC COMPARABLE SALES PHOTOS Comparable 3 5432 Twin Lake Blvd E 03-118-21-34-0031 t r t �ti. ff,•�- """V I� t �:'.l� j�'��l r� ti ��t� y �i', t t i j f J� �t�� i t c t f t I aF s.� '4 S z i J l, r ff t r r n� �i ��.,,'1�1y� �:'�,t t r j it' e f i 4 ��Y `r r,� ,��"'r` r F i r ti e a�� s a.....� R.�a'.. 3 �G �--k. N� Land Characteristics Land Area 19,740 sq. ft. Off Ftiver Location Sold: Oct., 2003 Sale Price: $240,000 Building Characteristics Style: Rambler 1,564 sq. ft. Main Level Room Count: 6/ 3/ 1 Below Grade Room Count: 1/ 1/.75 Garage: 2 Car Attached Fireplace: 2 Porches/Decks/Misc. 156 s.f. Greenhouse Central Air Conditioning: CAC CITY OF BROOKLYN CENTER COMPARABLE SALES #1: 6900 Willow La #2: 6858 Willow La #3: 5432 Twin Lake Blvd E(map on next pg) a s w� �a� 3 ��•�1.. f I I 4� j ,Y C ��9 r y, S i.�_..wlP'� y� N �Y �Y t a q c ��1, e �e x w �n t "V a'�r�� .i�� l �#�'+v ��.i 9 1 k�� t 1�# i� 4 y yr u I �K ry F!e ��q '1., .;�rawt 4 r r 2 P �/r w� _,r� "��1� Ii ,f+�. R n� q i �i i y� r v �;s r e l� �M ro`� s S r 1 r a (k it �a g�r x�•. ,1 i e w t �r .f. �t r 5 j r �t 3 r N� 1 ,x� f �i y,. 1' r r r t �f y y J� �i r .a �r R r� �c n l y /'��Y� 6 r rda q ti r g a tiy B�16J�C`f� a r P y 1,, 4 a y 1' Y Y i �tt` 'V` .�q'�� ."YL �#�M� �rx.t�� t 1 I M t �,°'R',s�"'�°„�`�^ j "•'L, r r l �c a r..�`' s Y '`tiJ r y �C v �r-.i i �i. 3 �ti,�. tt r M r a al� ^`A,C�; '•i� i r S 1 �r ti �i 4 .:s �j a y 5 �::�`4 "«c .t a c i�:., �j i t d W.'' u i* y� i( �ar�, W ��7 w t r„ s q �v. ,'M a' f�� e �li[� �t ,}i� :�c' 1�' u'�. $E:�� '�;ti y y .;;�t� •.i w r l- f"'.�'� �a.�:��'� I ..l`� �S :��ja� l{"� y a L .a `,J�': 4 i «a;A. t �(Y�' �r �z '1 L� V�QO +�'d y y 4 F t` 1 i 1'. i v y f p *�'`ex h T a c� k i T��ii. ti ._�,'t'� ��u.� k s'�'a��y. .k�.,a 8. t', x k R ��j.� r �r .�Z r' _.s.s.,_r� w a `t .+G?s t. s ��t r J �;w-�� a t' r� r 'k t t r Y t j c. 1, i CITY OF BROOKLYN CENTER COMPARABLE SALES #1: 6900 Willow La #2: 6858 Willow La #3: 5432 Twin Lake Blvd E f L r� T a ry 1 �1� �,R. Y Z �'nT S yy k r vi "T y k� �w.�� i_ 4 A I °'y�i� �s.. I �/�;��'�.j �1�. �..`l.Mi f i. `R .IL .I.�t! _i; a1ia..-. 3 ,4!' y *K �'Y i Y +1'4 i� 1 p d� i ..5 re y 'a �ri f �✓�e f q i �k� l x r u' f"r.�*� 19�. i'4� I .a�,�,� j�"•,k' N �S 'r I 1` r+c �IR;Iy� r i i ��.i i .2� 1 St- �r a n�'t� .�-p. .�$3: R d `Yv v A n r f r� 'W�� ..Y� i��' tl x�... e„� �4�. �wi* .L� a p '�"h y a� r r--r_ .�..e,.., i.,. `s �^+N'i"�, �Y fyC r... �►�a. �r, r'�•. 1 t w �d�.� r{h Q. 3 ��r' s �w� i.� P.�" i� s I /'r ��a.',� y I v i t,yti't J '9S; r_ a r x.' I� 1 I, �'•t C a +s !h*� h I �i .��Y c'S n1 ''�4 K` a Y _�::q I I w .iAyr y F,' 1 T T .p 'A I s�'� Y �i• �r` t f�'t� f n.� y I �4 ��i °'X ��q� T 9 w ._'F` n!^ a '?.'3 �.ws.,i �.d`( "4 �4.� i e. E,, n 'A�- �J�'` M: 4 a� f r 4. RESIDENTIAL SALES COMPARABLE ADJUSTMENT GRID APPRAISAL OF 7036 Willow La N Brooklyn Center PID# 25-119-21-44-0023 9.7 growth from 2003 to 2004 annually SUBJECT COMP. #1 COMP. #2 COMP. #3 COMP. #4 NAME Willlam Kenny NAME ADDRESS �oas w�uoW w 6900 Willow La 6858 Willow La 5432 Twin Lake Blvd E ADDRESS PID 25 119 21 44 0023 25-119-21-44-0004 36-17 9-21-12-0004 03-118-21-34-0031 PID SALE PRICE �42J $412 r J�� 24�� SALE PRICE Financing Adjustmen[ �0 Financing AdJustment Sa�e Price $425,000 $412,500 $240,000 Sa�e Price (Atljusted tor Finance) (Adjusted for Finance) SALE DATE June, 2003 $20,600 Sept., 2003 $70,000 Oct., 2003 $3,900 SALE DATE Sale Price $445,600 $422,500 $243,900 Sale Price I (Adiusted for Timel (Aajusted for'rime� I LOCATION Very Good Similar Similar Inferior �oCA7loN SITE FRONTAGE 20,600 S.FJ 3025 FRONT 19,608 S.F. Apx 100 ($35,000) 27,050 S.F. Apx 100 ($35,000) 19,740/OFF RIV $86,000 LOT SIZE STYLE Rambler Rambler Rambler Rambler Srv�e ROOM COUNT Above 5/3 /1 $p8, 1 FUII 5/ 2/ 1 FUII, 1 3/4 6/ 3/ 2 3/4 6/ 3/ 1 Full ROOM COUNT Above Grade Grade Total /BR Baths Total /BR Baths SIZE (s.f.) 7,616 S.F 1495 S.F. $8,000 1,624 1,564 sizE �s.f.� YrBuilt/EFFAge 1958/1975 1971/1975 1962N978 1956/7966 YEnRBUIL7 CONDITION Very Good Average 55,000 Very Good Averege 55,000 CONDITION i FIREPLACES 2 2 2 2 a FiReP�nces I HEAT AIR C. HW/CAC GFA CAC HW/CAC GFA/CAC Heni i wiR c. BSMT FULL FULL FULL FULL asM7 I BSMT FIN. ROOMS 1 FR, 1 OTHER,811l2 BA 7 BR, 1 FULL BA 1 FR,1 KITCH,1 BR, &DLX BA 5 FR, 3/A BA BSMT FIN. ROOMS GARAGE (#cars) 2 Car Att/ 2 Car Det 2 Car Attached 7000a 2 Car Attached 10000 2 Car Attached 10000 GARAGE (#tars) AMENITIES Glazed porch Deck Screen porch Deck Pool 640 sf/Open porch Dk (55,500) Greenhouse Porch AMENTIIES REMODELING 2 Egress windows/ Skylight ($500) Kitch Ba Remodel (51Q REMODELING O7HER 2 Egress Wind./Gen'I Uptlates (SZS,000�, (Szs,000)„ ($25,000) OTHER Net Adjustment ($37,500) ($65,500) $76,000 Net ndjunment Indicated Value $408,100 $357,000 $319,900 IndicatedValue I Valuation Reconciliation: Value Ranpe 5319.900 to 5408.100. Sustain EMV of 5318.900 COMMENTS: Subject property is located along the Mississippi River in a very good area with custom homes along the riverfront, and high quality homes across the street. Subject property has an irregularly shaped lot with 30.25 feet of river frontage. Property is situated sideways on the lot. Home is in very good condition. G:\DeptsWSSESS\BOARD�2o04\[Kenny Grid.XLS)03 Board Grid (2) I 05/03/2004 PROPERTY DATA SYSTEM TAXPAYER INQUIRY CURR 319 PROPERTY ID NEXT 25-119-21-44-0023 Pt.Con: Mt.Adr: HOUSE# FRACTION STREET NAME UNIT ZIP+4 Front: Back: 7036 1/_ WILLOW LA N 55430+ Right: Left: 141 Ownerl: KENNY WILLIAM R Owner3: v Owner2: Owner4: Zoning: R1 Prim/sec: Yr.blt: 1958 Area: 20600 Acres: .00 Sch.Dst: 11 Wshd: 00 Gr/Os/Ex: Subrecs: 01 Width: Depth: Mkt-Land Mkt-Bldg Mkt-Mach Mkt-Tot Tx Capacity Hd PT 9 sOwn 2004: 130000 188900 318900 2294 H RL 100 2003: 80000 160900 240900 1987 H RL 100 2002: 52600 142900 195700 1768 H RL 100 Legal Description: LOT 6 BLOCK 4 NORTH RIVER ESTATES Tvoe PID or ADDRESS: Qress ENTER: or F1. F2. F8 PROPERTY DATA SYSTEM LIMITED MARKET VALUE INQUIRY CURR 318 NEXT PID 25-119-21-44-0023 ASSESSMENT YEAR 2004 SUB-REC 01 HOUSE# 7036 F/A 1/_ STREET WILLOW LA N UNIT CALCULATE LMV (Y/N) PROPERTY TYPE RL HMSTD CODE H PART CONST GR/OS/EX REL HMSTD IND CONTIG IND MARKET LAND VALUE 130000 MARKET BUILDING VALUE 188900 MACHINERY VALUE TOTAL MARKET VALUE 318900 IMPROVEMENT AMOUNT LIMITED MARKET VAWE 235600 QUALIFYING IMPROVEMENT AMOUNT 6200 MARKET VALUE SUBJECT TO TAXATION 229400 TAXABLE MARKET VALUE TAX CAPACITY 2294 Make chanaes: nress ENTER� or F1� F2. F4. F5. F8 PROPERTY DATA SYSTEM QUALIFYING IMPROVEMENT INQUIRY CURR 315 NEXT PID 25-119-21-44-0023 HOUSE# 7036 F/A 1/_ STREET WILLOW LA N UNIT STATUS APPLICATION PERM QUAL OLD VALUE MAX EXC MAX Q IMP EXP CHANGE NUMBER YEAR YEAR NEW ADDED AGE AMOUNT AMOUNT YEAR ST MM/YEAR 97015 1997 0 009600 038 25000 050 04800 2007 98060 1997 0 002800 038 25000 050 01400 2007 TOTAL 0012400 TOTAL 0006200 I QUAL IMP AMT remains constant for years 1-10. After 10-years, the excluded value is added back to the assessment at 50� in years 11-12 if value is equal to or less than $10,000; or at 20� in years 11-15 if value is greater than $10,000. This rule applies unless ownership changes. Make chanaes; Qress ENTER� or F1. F2. F5. F7. FS Nancy Wojcik Fw: Your Home Evaluation 7036 Willow Lane Page 1 From: "Primary Mortgage° <prim-mtg@comcast.net> To: "Jill BC Brenna° <jbrenna@ci.brooklyn-center.mn.us> Date: 4/5/04 1:16PM Subject: Fw: Your Home Evaluation 7036 Willow Lane Your CMAJiII; Could you send me your comps data as welL Thank you, Bill Kenny Primary Mortgage A Referral based Company Ph#763-560-0334 Original Message From: Tom Janzen To: Bill Kenny Sent: Tuesday, March 30, 2004 9:53 PM Subject: Your Home Evaluation Tom and Melissa Janzen Edina Realty (763) 494-8196 Email Tom and Melissa Janzen Visit Tom and Melissa Janzen's Website Contact HouseValues.com Disclaimer Powered by HouseValues.com Created for Bill Kenny 7036 Willow Lane Brooklyn Center,MN 55430 Thank you for your inquiry to HouseValues. Your information was fonivarded to me for completion of your free market evaluation. Nancy Wojcik Fw: Your Home Evaluatio 70 36 Willow Lane Page 2 I Below you will find the market evaluation and the estimated selling price for your hame. This range is determined by several factors. All evaluations take into consideration square footage, number of bedrooms, geographic area and other similar homes that have sold and closed in the last six months. Other factors may include view, school district, number of bathrooms, age of home and current number of competitive listings. The historical sales data is based on information provided by the local Multiple Listing Service and includes only sales that were completed through the MLS. This is not an appraisal, only an estimate of the current market value of your home. Comparable Homes Near You 7000 Dallas Road Sold Price:$239,000 Listed Price:$234,900 Bedrooms:3 Bathrooms:3 Square Footage:2548 Year Built:1963 Comments:Sold 8/13/2003 7222 Riverdale Road Sold Price:$252,500 Listed Price:$259,900 Bedrooms:5 Bathrooms:2 Square Footage:2034 Year Built:1968 Comments:Sold 8/29/2003 4009 80th Avenue N. Sold Price:$219,900 Listed Price:$219,900 Bedrooms:4 Bathrooms:2 Square Footage:2484 Xear BuiIt:16Z1 Comments:Sold 11/20/2003 Based on my knowledge of your area, my estimate of your home's current market value is: Low of $215,Q00 to a High of $��5,pQQ Please note that thes�pr�rar�ges are an estimafion based on limited information. Without �ersonally touring the property it can be difficult to estimate iYs current value. I would be happy to set an Nancy Wojcik Fw: Your Home Ev�luation 7036 Willow Lane Page 3 appointment with you for a complete comparative market analysis. After a tour of your home, the numbers should become much more specific. Thank you, Tom and Melissa Janzen 763-494-8196 melissajanzen@edinarealty.com When it is time to sell, I would appreciate an opportunity to interview for the job of marketing your home. Please call if I can answer any questions or to learn more about my services. Thanks for the opportunity to introduce myself. ALL RIGHTS RESERVED Copyright (c) 2004 HouseValues, Inc. and/or its licensors. Nancy Wojcik Fw: Market Value 7036 Willow Ln Page 1 From: "Primary Mortgage" <prim-mtg@comcast.net> To: "Jill BC Brenna" <jbrenna@ci.brooklyn-center.mn.us> Date: 4/5/04 1:12PM Subject: Fw: Market Value 7036 Willow Ln Bill Kenny Primary Mortgage A Referral based Company Ph#763-560-0334 Original Message From: Thomas Stanek To: prim-mtg@comcast.net Sent: Monday, April 05, 2004 10:30 AM My suggested listing price would be $254900 and I would expect a sales price of around $250000. Please contact me 763.755.5507 with any questions you may have. Thank you, Tom Stanek Stanek Realty, Inc. If you are using the Netscape Navigator 3.0 Mail Client or later, Microsoft Outlook 97 or later, or an email application that supports hyperlinks, click on the link below to open your web browser. Those using other software that does not support hyperlinks may need to copy and paste the link into the location bar of their web browser. The links sent with this E-Mail will expire 30 days from 4/5/2004. Customer Full Report Nancy Wojcik Fw: market analysis for 7036Wiilow Ln. Page 1� �rom: "Primary Mortgage" <prim-mtg@comcast.net> To: "Jill BC Brenna" <jbrenna@ci.brooklyn-center.mn.us> Date: 4/5/04 1:13PM Subject: Fw: market analysis for 7036Willow Ln. Bill Kenny Primary Mortgage A Referral based Company Ph#763-560-0334 Original Message From: Thomas Stanek To: prim-mtg@comcast.net Sent: Monday, April 05, 2004 10:24 AM Subject: market analysis #or 7036Willow Ln. Mr. Kenney, Thank you for the opportunity to do a market analysis for your home 7036 Willow Ln. Given the fact that there,are very few comparables in your exact area, 1 have used some that I find to be close in a market value approach. Adjustments are made for location, physical features 8� amenities. If you are using the Netscape Navigator 3.0 Mail Client or later, Microsoft Outlook 97 or later, or an email application that supports hyperlinks, click on the link below to open your web browser. Those using other software that does not support hyperlinks may need to copy and paste the link into the tocation bar of their web browser. The links sent with this E-Mail will expire 30 days from 4/5/2004. Customer Full Report 04/05/2004 15:11 763569097? PRIMARY MORTGAGE PAGE 01 Customez �u11 R�porC page 1 of 8 �'i �9 s[►��i@ Fam;.�y �zesiaent�a� Status: Soid List Price: Z34, 900 I I� I �•:fiiii::." n :tiiv i"e:.�rv Style: (SF� One 8tory 4�8� 214784z I i r;>a�.::;:� �;i nig�a�ib Canstruction Status: Pr■vloustyOwned Sold PfiCe: a 239,OOQ Year Q�ht: 1961 Map PagE� 78 MLS Area #:363 Bedroams: 3 Map Cou►C: cA Sec Are�: 384 TolB� Bath: 3 Firf Garage: 2 TAX INFORMATION Lct Size: Tax Yearc 20Q3 84x160x6dx17� Tax Amt: S z,196 Aare6: 0 Tax w/assess: S Z,9 e8 Faundation Size: 9448 AbvGrd Fin Sqfc: 1448 A6ses6 eal:; o B�fGrd Fin SqR:11oo Assess Pend: Unknown Tutai Fin Sqft: 25a8 �iome3teod: Yes Additionat pt�oEas and supplements rFaay 6e ettached. l! io, Market Time: 43 you may accass them by click�ng on the abovs phota Prop�tty I p: 2511927430p0y Og Market Date: 712/Z603 7oQ0 Dallas �2d BC Broakiyn Genter, Minnesot� 55430 D�te CloSed: Bl13t2003 �GENERAL PROPERTY iNFORMA710N Directians: Hwy Z5210 88th East to VViillow, North to 70th West to home legal Lot 3, Block 2 Brandon Addn. CouMy: HENN Hennepin L,.�kelWaterfr4nt: (.ake Name; 5c�ool Di�trid Info� 763508-1000,.11•-ApokalNenriepin, school D19trict #11 Complex/pevelopm antl�ubd�visivn: �tesiri;, tlt�tlg/C6�2�13nF�3: �fjmlTlpn W911: NO Lo: Da�cripticn: Corner Lot, Tree Coverage Madlurri, City Bus (w/ln e blks) �ysocia�ivn Fee: 0 Frequercy: N!A Approvecl FMancing: Fes Includes: NIA hcr,esslbility: None Z..oninp' Residential-9fnglp Road Frontage: Clty Pub�ic' Remarks�: Jast in tlme to Rn)oy tha pooi! Immedlate poas can be yours ln thls gradous home near th� Mlsslsslppl. 2 cozy fplc's, Indoar g�ltl, Hdwd Ars, Blrch Wdwk,•newer apprs, newer Heat�nq d� AlC� newer rooi so much more. EASY TO SHOWII STRUCTURE 1NFORMATION J Room Level I Dimet� R�oam [3esa�iatfon I�,evel I D�men I Misc �i�ing Rm iAmusement Rooin {LOWER �167t13 �Heet: Forced Afr pin�ng Ftm �MAIN �18x13 �Ottice �LOWER �12x11 )�ue�: Natural Gas Fomity Rm MAlN �19z13 �Famlly.Room �LOWER I16x1a �Air (',pnrJitioning: Ccntral Kitchen• MAIN �13x11 i IVNater: CRy Water Connect0d 6edrooml MAIN �13x10 �Sewer. Clty Sewe� ConRected 8edrovm2 �MAIN �12X1Z }Garage Stalfs: 2 Bedraom3 �MAtN �12x1D �Oth�r Parkin�: Z s�droomn. (E�ao�' Be1ow G�ourtd Tota! BeThS: 3 F4dk 9 3�d• 2 1/2: 0 'ff4: 0 Ea:Pr Characteri8tics: Maln Fioor Futl Bath, Private Mastor, 3/4 Master, 51d BasameM Dinir]g Roqm: Se�arate/Potma[ Dtning',Room Family Room: Maln•Leve�, lc�wer Levet, 2 or Mor� �'ireplacs�: 2 rfreplace Characteris:ics: Appli�nces' Rdnqe, Indaor Gdll, Mlcro�(vave, ExhaUSt PahfHood, plshwaghQr, Refrlgerato� Basemeni: Watkoyt, Fult, F(nished (LIva6lej, Dayllghti�a�kout Wlndows �xte�or: Wood Fenoi�g: Wood, Chein Unk Roof: Amdniltes Shared: Fimenifie� U'nit; Deck, Porch� Nardwoe8 •Floors, 711aQ Floors, wash•dDry4r Hookup Parking Ch�raclerlstics; Tuckutlde�,. Dopr Opener 04/05/2604 15:11 7635600977 PRIMAP,Y MORTGAGE PAGE 02 Customer k'ua1 R�port Page 2 0� 8 Shared Rooms: Special SEarCh: Ma�n F1oor 8edrooM, 3 BR•on Oqe Level Szwnd Unit: �MISCELLANEOI�� TQA�9@PhY� �lrycicult�ral Watsr: Dutbuildi�gs: Ti(lable Acres: PBSfUrQ Acr�s• 'JVaudEd Aores: Farm Tvae: Soif Tvne: Cr4o Tvoe: It Under Construction: Pro} Comry Dat�: (Lot Pri�e: S Lrnn� E�rice F�ang�: (Wigh F'rice RanpA: Auction, No Aucticrnezr License 0 AuCtion Type: N/A �fst 2147842 Prepared byr.Thomas Stanek �rzformation Doemed Re/rable 8uf Nof 2001-2003 �tegional MLS ot Minn., Inc_ Gusranfssd Al) Right9 Rosecved �4/05/2064 15:11 7635660977 PRIMARY MORTGAGE PAGE 03 Customer Fttl� �teport Page 3 0� 8 s�ngie �am+�y Res�dentia� SR�tuS: Sold l_ist PriCe: 259,900 Styfe; (8F� One Story Lisf 2148380 Sold Price: S •"•x;^=:�= Con,atructipn Sco��s: Prevlousiy Owned 252,500 ry MTM,Jfv�..w. ..%v;,~:" Year B�ilt: 1968 Map P�ge: 78 MLS Area �1:d63 (3edroom�: 6 Mep Caord: C3 Sec Area: 364 Total Bath: 2 Fire li; TAX INFORMATION CarBye: Z Lot Size: 7Sx260 7ax Yeer, Zoo3 '::::a Acres: 0;43 Tar. limt: 3 2,306 Four+d�tiva Sf�e; 1b1d �+lassees: S Z,336 A^aess B�t:S 0 abw��ti r•�� s�rr. �s�a .BelGrd Fin SyR: S20 Assess P�nd: No Total Fin Saft: 20s4 Hvme�tead, Yes Additional photos and supplemenis.may be attaahod. lf so, �arkp,t Time: 35 you mdy accasc them by clicking on the above photo. P�operEy ID: ,�'�,�Z1�410047 OM MarltQi �7ete: 8/2a12603 ��7Z$j,yerdale BC Brooklyn Cent�r, Minnesota 5�4�0 Date C�osea: sl29izoos �GENERAL PR�PERTY fNFORMATlO .N ?IrPMions� 2S2 to T3rd Ave then E to Rlverdele �Aad 3 ta hame Leg�l Lot 10 Block 3 Sunny Broak Tercace� Cour�ty: HENN Hennepin LakelWaterfmnt: Lak� Neme� �chou► Diytrid ;nfa: T63.5o6-1000, 11 Anoka/Herinepin, 8chool piatrlct i191 C-nmpfexlDevelp�m�nCiSubdwtslon� Sunny Brawk Terrac� �estrivtienslCoven�nts: Gc�mmori Wall: No Lqt Oescr�p6on� Jrregular Lot, Tree Coverage Medium, City 6us (w/fn 6 biksy Asscciat�an Fee: S 0 Frer�uency: N/R Approv�d Finencing: Fee Inoludes: N!A f�cees9+bility: Nane �uning: Resldential-Single Rooc! crqntage: Ctty, Paved Streets Puql�c Remarks Check out the room slzes i� this 1-oWner talsed rambler w lookout windowstGor�eous (ot too! Thla Is a must see yemt Dist 91 scF�oolsl STRUCTURE INFORMATION Room ��vet �Qin�en. �Rooqt Descriptlal• ILevei iUlme�� MISC Livinfl Rm lMAIN' �Z4x14 •�Laundry• ILOWEA "(�16x12 (H�at; Fo�ced Aff �inln� Rm (MAIN �19x14 �UNittyRuom Il.OWER I�6xa2 (Fuel: Naturel Gas �amily Rm �L,OWER. (24x14 IFiRh (5t�} gedroom IOWER �74x13 �Air Conditiontng: Cent�al Kitchsn �MAIN� �20x12 IDeaK MAIN �23X?A IWate�:CltyWdter-Gonnected. 5ed�aoml �NtAIN i14x't1 �S�wer. CitySewer-Connected Eedracm2 �MAIN �12X11 �Garage Stalis: 2 Ek�?d��am3 �MAIN �11x11 �Other Parkin�: H I. �iedroomA �I.OWER �1dx1'Z �POOI: .�i'otsl Raths: Y F�ili: 1 :31a; 1 1/Z: 0 11�: b �dth ChB�c+CtP.�19IEC.5 Mafn Floor FUII Bath, 3f4 Basement Gining room: Intormat plNng Room Famiiy Room: l.ower l,evel, Family Rootn Fireplaces: Z rirepl�ce'Gh�racFeristis.�s: Uving Roorn, FamNy Raom Ap�;lianc�9; aange� Cooktop, Mlcrowave, Dlshwx9bar, Rafrlgarator, Washer, Dryer, Water SoKener Owned, Disposal 6zsarnent. Fu1C, prain Tfted, DaylighVLookout Wlndows Exterior: Wood,,$flck/$tone Fencing: Roof. Asphatt Shingies, Age Over 8 Years .Amenilies Sharec�. Amenities Unit' Deck F�rkin� Charactenatir.s: pttached oarage, briveway Concrete, Garage boo( Opeper Shared Ro4rns: Sp?cial 5e�rch: Matn Floor Bedrootn, 3'BR on Ona Lav�l 04l05/2@64 15:11 7635600977 PRIMARY MORTGAGE PAGE 04 Custouier Ful! Report Page 4 0� 8 Sacond UniE: �MISCEL.t_qNE0U5 Tap�g�aphy: Level llgricult�n�i W�ter: Ou:buildings: 1 "Illl&bl� Acro6: I?05tU�e R�rea: Woaded Aares: Farm Tvoe. SoiE 7ype; Crv4 Typb: If Under Cnnat�uction: Proj Con�p Daie: N Lot Prico: 3 Lvw Price Range: High Price Rang�: Auction: No Auclinn�er �icr�nse �f: 0 r�uction Type:•N/A List X: 2148380 prepared by;Tho►nas Stanek /nfprmatrotJ D6emed Re�iable 8uflVof 612001-2003 Roglonal ly(.S of Mlnn., Inc. Gtearantesd A11 Rights R.�served R 0d/�5/2094 15:11 763560@977 PRIMARY MORTGAGE PAGE 05 Gtistomer Full �eport Page 5 of 8 Sioqle FamNy ResidenUal �fcitUS Soid List Price: 234,900 SEyle: (SF) One story List 2132636 Sold Price: Con.�ztructian 5t�tu4: Prevlously Owned 240,OOD `(ear BuiIl:1460 Ntap P'age: 78 MLS A�a �F;788 6edrooms: 4 Map Goord' E3 Sac Area: •7ota1 Ealh: 2 Fii'e G�ragp: Y TAX INFORMATION Lt�t uize: TaX Ysar: ,2Q02 80x123x90z133 Tax Amt: S 1,�39 ti '�ax w/�ssess: t 1,308 �oUhdetlon Sizr: 138b �8e88 BdI�S 61 AbvGrd Firt Sqft; 1995 BelGrd Fin Sqft: 11b0 l�sseee t'end: Yes T�ta! Fin Sqfl; Z648 �(ornestead: Yos Additional photos and supp�err►en4s may b9 aHaohed: ff so, 7i� 6 you meyaccesa tfiem by dfcking on the abova photo. Properly fD: 14302�411045'� Off Market D�te: .4I1612003 701 f3ice Terrace FRI Fridley, Minnesota 55432 n�+e c►ose�: a��anooa �GENERAL PRaPERTY 1NFORMATIQN Direqtiong; UNIVER5l7Y QVE Ta M($91SSIPf�I Tp 7TH 3T T� BflTH AVE TO RfCE CM2EEK TERRAC� Legat LOT 15 BLK 1 BROOKVIEW TERRACE 3Ftb ADD Caunfy� ANOK Anoka LakeNV�terfront; Rtver Vlew ��ke Nam�: :`school' Diafrict Info: 763-SO'�5000, 14 FHdley, Schoot IXatrict �14 w omplexlDevelopmenJSuhdiw$ion; Res�ictionslCove�ants; Cammon IfV�+U: Nct Lot Description; Tree Coverag� Medlum Assaoiation Fee: S 0 Freyuenoy: N!A Approv�d Financing: Fee includes: WA �CCC961bilify �lone Zoning: Resldentla{-SingtQ Road Frontegc: CRy, Paved streQts Fuplic RemRrl�� eeautlful horr�e backs up to Rlee Creek ,serene settinQ wtth bridge a traftslNew�r 4-saason porch w/vaulted celiings,new wtndows,iull ceram{c bath w�th steam ahower,du�able pergo In b¢rrint.new maint lree slding. Won't lasf Ionyt 'STRUCTURE INFORMAT'IDN Room �Levet 1Dimen �Room Des�rfption ILevel IAimen �Misc rz�r Inna��t �16x14• �Heet: Forced Alr t�+�tmg Rm �MAtN `70x16 J yFuE�� Naturai Gas Family Rm �AflAlltt (16x18 I I�c CondiY�Onir�: Central Kitchren ��NIA�N (16X10 I IWr�ter. Ctty Water Connected Bedr.00m1 �WiAtN (16x1u I I I ISewer: Cfrysewer-CQnnecteQ 6edro�m2 �MAIN (14x40 Gar�pe SteU�: Z �ed�ovm3 �MA�N �13x10 j Other t�arki�¢: 0edroam4 {f'oor. Tota� 6eths� 2 rui�: 1 31e: 1 �/2: 0' 1ta: 0 2ath Chara�te�stia5; Maln' Etoor Full Bath, 3(d Ba�sement �ining Ro�m: Separata(Formal Dtning Rootn, Eat Ih �Citchee �amily Roqm: Mafri Level, Family Roam Firep)a�es: 7 fir�yplsr,e Ch�rac2eriEtics: Family Room, G�s Burning /apnliances: Ranga, Microwave; bishwashsr,�Refrigeretor, Washer, Dryer, Water 3oftener pwned Br�s�rn�nk Full, Ftnished (Livable) Exteripr. MetaiMt►yl, Brlck►Sione F�ncing: Wood, Chaln Ltnk Root: Asphelt Shinqles, Age e•Years or L.�ss dlmenities Shac�d: �m�nilies Jnit: Patlo, Skyltght, Vaulted Ce(Ifng(s�, HardWnod Fioors, ln-Ground Spflnkler Parkin� CharaoEer�sli�s: Aftaehed Ga�age, Irisulatad Garage, Heated Garage, Drlveway Concrete, Garage Door Opvnec 04/05/2604 15:11 7635660977 PRIMARY MORTGAGE PAGE 06 Custoiner �ull Report Page 6 0� 8 Shared Ronma. 5pec�ai Search: 3 BR on One Level SeCr�nd Unit:. �MISCELLANEOUS Tvpography: AgriculkurallAlater; Outbuildings: Ti(leble AC�es: I�eateFr� Acres: Wooded Acres: F3rm Tvp�: Sos) Tvoe, Crar� Tvoe: ff Under Construction: Proj Coqtip tlate: Lot Price: S s L'aw Pria� Range: iN�gh Price Rang�: A�aotibn: No Aucti��er licens6 0 Auciion Type: N/A List 2132656 Prepared by:Thom�� pt��'�rsaUwr Dee!r�ed Reliafil� Buf Not 2001.2003 Regional MLS ot Nllnn,, ►nc. Guarantsed A�I Rfghta Reserved 04/65/2604 15:11 7635600977 PRIMARY MORTGAGE PAGE 07 Page 7 ot Custome� Ful1 �teport List Price: Single Family Residential S�atUS: SOId 25+��000 Style; (SF} 4ne story Li�t z18oa9a Sold Pr�ce: ConStructian &tatu3: P�vtouslyOwn++d z60,000 Yesr eui{t:1966 Map Page: 76' MLS Area #;768 Se�rooma: 3 M�p Caar�{� D2 Sec Are�: Totml 8a1h: Fir� TAX �NFORMATION Garaqe: Tax Year. 2003 Lot �ize. 87x�27.9x13d,9x2t8-d tax Amt:,S 2,1b6 Acres: 0 T�X w/assess: S 2,135 Fo.undation 51ze: 1640 p,�ess �aI:S o `AbvGrd F�n.Sqft: 1Bao �efGrd Fin �qtt: ��sZ Assese f'end: Unknown Total �in Sqfl: 3032' Hvm�estead; Yes Additlonarphotos and supplements may be attached. M io, 11/�ark�t Time: 8 propgrty Ip� �0241�3b031 you mey access thom by oticking on tha sbova photo. Ott Msfk�t OEi�g: 8(221200 �5 L0c7j�1(1 PaCkSw�Y�IE Date t ;tosed: FRt Fridley, Minnesota 55432 �a�to�zons �GENERA.L PROPERTY INFORMATf�N t�ireckions: East River Road to Glen Creqk Rd to �Loyan Parkway. Lega) Lot 71, 61ocK 1 Oak.Creek Addn LekB Nam�: Glen Creek Covr.ty: ANOK -Anoka� 1.akelWeterironY. Craek Scheol Di�trict Info. 763.5A25�OD,14•- Fridley, Sch'ool ��9trlct �t14 Complex/peveloprnenFlSv$�ivision: Co�nman 4Va11: No FestrictionslCov�n�ntd Lot Oescrip6on. Tree Coverage Hasv�y, Clty'Bu6 {w��n 6 b�k�� ,q rovPd FinanC�nc?: a�tociat�on Fee: S 0 F�equenCy� N!A u� fae Includ��;: NIA Acceasibtlity: None Zoning: Residehtlal-Singlt ho0d Frr.nt9gCt: City, Cu[bs P��plia Remrrks :�pactecu�ar Wa{k-out RaMbier wlOver 3D00 Faf�of apace �II on (31eo Creek. Unbett@�able v�•WS, hdw.d itra, spaclous kiich; wartn cozy sunroom, 2 fplcs,14x2o R deck, 20x17 �1t patlo, newer roo[, windows,gutters,GA u�n3t muc6 morel Hurry k won� fastl �3TRUCTURE INFORMATfaN Raom I tevt! I Q�men I Room pescription L,evei �Dlman M Misc l.,ving Rm IMAIN 11Bx18 �DerM �LOWER It2z10 IH9ai: Forced Alr Dinmg �t�n '�MAIN �1tx16 �Sun t2oom �MAIN I18x09 IFue�: Natural Gas �amily Rm �LOWER �28X77 �Second Kitche� ��OWER 112x7d '�Air Conditioning; Cenfral Kitchecs .IMA�N I'13x11 Exerclse Rooni �LOWER 11,�x11 ��Wstar� C{tywater-Connacted 6edroornl �MAIN I Y6x11 ISewer: City Sewqr Go�nacted Bedroom2' �MAIN M1�x10 �G8ra�7e 5't�ils: 2 p��sroom3 �MAIN �10x12 �dther Parking: 2 �8edroom4 I �Pool: Total 8atha: 2 FuU: 1 3/4: 1 1l�: 0 1t4: Bath Char�ct�zri�Y;c�: Nfatn Floor Full Bath� 3/4 Basement �inmg Rc�om: L(ving/pining Room Fqmily Rpern: Lowar �evel, Famity 12oom ��re��lacct�• 2 Firep�ac� C:harar.tenstic�: living RooM, Famlfy Room, Wooci Burning f�p�Ga�ees: Cooktap, Wail dven, Exhaust FanlHood, Dlshwasher, Traah Compactor� Ref�tgerato�, Water sottener Owned, Dispasai, Elqct�onfc Air Fliter Basement: WalkoUt, Fuil, Flnlshed (Llvable}, Dayllghtltookout Windows Extcrior� Stucco Fencing: Roof: Asph�it shingies, Age S.Years or•Less Amenilies 5ha�e�i: 04l05l2004 15:11 7635660977 PRIMARY MORTGAGE PAGE 88 Custonaer �u�l Re�ort Qage 8 of 8 Amenities .'Jnil: Deck, PBtI�, Natural Woodwol'k, Kltchen Window, Hafdwood �toors, Tlled Floors, Exercis� Room, Sunroorn, WasherlDryer Hookup Parkin� Charact�;islir,;; Attached Garage.lnaulated Gacage, DfiVewey-Concrata, Garage DoorOpener Sharec� P?or�ms: Specia!' �s�reh. {Iqa{o Floor Bed�oom. 3 BR on One Leve) 5ecuno Unit: MiS"CE�LAN EO tIS Z'Gpvgra��hY� AgriCU�Uret Wrater. OutbuiiClinga: Tilf�bl� Acres: psstur� Acres: tirVooded Acres: Farm T'voe' 5hi1 T.vU�: Cron 7��oe: !f Under Construction: Proj C4mp D�fa: LoE Pflce: S Loov�Priop Rangc: �High Pric¢ Rang�: '!�ucli�n: No Auctianesi• Lioense a Auctian Typ�: N!A C.i&t �F: 2180488 Prepared by:7homas Sta� ��rtnahon Ded►ifv�l f1ellzble J3at Nof 2001-2003 itegfonal MLS of Mlnn Inc. GueleRteed All Rights Reaorved BOARD OF EQUALIZATION CITY OF BROOKLYN CENTER May 3, 2004 7:00 P.M. Walk-In Registration FoRn .7 �`r� Name �,/�Gf l^ Phone ��a 7� y Y� Address l��'i/ .�7 l/� G Property Identification Number Date of Purchase /�.�P Purchase Price�/��/ ve you done any remodeling or updating since purchase? (Description Cost) Concem(s) 2004 Estimated Market�Value C �l �L/ f 2004 Limited Market Value 2004 Taxable Market Value PROPERTY DATA SYSTEM TAXPAYER INQUIRY CURR 319 PROPERTY ID NEXT 01-118-21-32-0105 Pt.Con: Mt.Adr: HOUSE# FRACTION STREET NAME UNIT ZIP+4 Front: 100 Back: 1201 1/_ 57TH AVE N 55430+ Right: Lefit: Ownerl: DOLL EDWARD L Owner3: Owner2; Owner4: Zoning: R4 Prim/sec: Yr.blt: 1960 Area: 12800 Acres: .29 Sch,Dst: 286 Wshd: 00 Gr/Os/Ex: Subrecs: 01 Width: Depth: 128 Mkt-Land Mkt-Bldg Mkt-Mach Mkt-Tot Tx Capacity Hd PT �Own 2004: 60000 286000 346000 4325 A 0 2003: 40000 267000 307000 3838 A 0 2002: 34000 180000 214000 2140 HL 0 Legal Description: LOT 1 BLOCK 2 "REIDHEAD'S ADDITION, HENNEPIN COUNTY MINN." Tvne PID or ADDRESS: bress ENTER: or F1� F2� F8 PROPERTY DATA SYSTEM LIMITED MARKET VALUE INQUIRY CURR 318 NEXT PID 01-i18-2i-32-0105 ASSESSMENT YEAR 2004 SUB-REC Oi HOU$E# 1201 F/A 1/_ STREET 57TH AVE N UNIT CALCULATE LMV (Y/N) PROPERTY TYPE A HMSTD CODE PART CONST GR/OS/EX REL HMSTD IND CONTIG IND MARKET LAND VALUE 60000 MARKET BUILDING VALUE 286000 MACHINERY VALUE TOTAL MARKET VALUE 346000 IMPROVEMENT AMOUNT LIMITED MARKET VALUE 346000 QUALIFYING LMPROVEMENT AMOUNT MARKET VALUE SUBJECT TO TAXATION 346000 TAXABLE MARKET VALUE TAX CAPACITY 4325 Make chanaes: nress ENTER: or F1. F2. F4. F5. F8 t Y -`..'f. .�t e a t �'g ,i. �ge�' _y �y,�,a,�... i�� I y j i'_• LL y s• a i 3 �a� 4 J_ ls�� r�'t ��g: J �e� �q r s lt g �a �'r' ae ..'SFs=. t. n yF r r a" F 9t� E t 9 .a °-"t u 4 n s_" .-a� ��a:.r� �A�-' y ""'"'y".3^,�.�.e°�ss'�.g-'-. i BOARD OF EQUALIZATION CITY OF BROOKLYN CENTER May 3, 2004 7:00 P.M. Walk In Registration Form Name C� Phone g S� S� S'�- 3� Address �L�r�" ��r �dl�l.,�. ��4�� Property Idenfification Number 8 �Z- Date of Purchase /9 Purchase Price Have you done any remodeling or updating since purchase? (Description Cost) :x�� Concem(s) 2004 Estimated Market Value 2004 Limited Market Value 2004 Taxable Market Value F PROPERTY DATA SYSTEM TAXPAYER INQUIRY CURR 319 PROPERTY ID NEXT 03-118-21-42-0030 Pt.Con: Mt.Adr: HOUSE# FRACTION STREET NAME UNIT ZIP+4 Front: 178 Back: 5615 1/_ BROOKLYN BLVD 55429+ Right: Left: Ownerl: GEDI-DAMANA FAMI LY LTD PTN Owner3: Owner2: Owner4: Zoning: C1 Prim/sec: Yr.blt: 1987 Area: 32437 Acres: .69 Sch.Dst: 281 Wshd: 00 Gr/Os/Ex: Subrecs: 01 Width: Depth: 175 Mkt-Land Mkt-Bldg Mkt-Mach Mkt-Tot Tx Capacity Hd PT �Own 2004: 165400 474600 640000 12050 C 0 2003: 160000 430000 590000 11050 C 0 2002: 150000 360000 510000 9450 C 0 Legal Description: NO LOT AND BLOCK GIVEN REGISTERED LAND SURVEY #1547 TRACT B REGISTERED LAND SURVEY 1547 Tvpe PID or ADDRESS: oress ENTER: or F1. F2. F8 PROPERTY DATA SYSTEM LIMITED MARKET VALUE INQUIRY CURR 318 NEXT PID 03-118-21-42-0030 ASSESSMENT YEAR 2004 SUB-REC 01 HOUSE# 5615 F/A 1/_ STREET BROOKLYN BLVD UNIT CALCULATE LMV (Y/N) PROPERTY TYPE C HMSTD CODE PART CONST GR/OS/EX REL HMSTD IND CONTIG IND MARKET LAND VALUE 165400 MARKET BUILDING VALUE 474600 MACHINERY VALUE TOTAL MARKET VALUE 640000 IMPROVEMENT AMOUNT LIMITED MARKET VALUE 640000 QUALIFYING IMPROVENfENT AMOUNT MARKET VAWE SUBJECT TO TAXATION 640000 TAXABLE MARKET VALUE TAX CAPACITY 12050 Make chanaes: qress ENTER: or F1. F2. F4. F5. F8 PROPERTY DATA SYSTEM COMPUTER AIDED APPRAISAL INQUIRY 05/03/04 CURR 436 NEXT PROPERTY ID: 03-118-21-42-0030 YEAR: 2004 ADDRESS 5615 BROOKLYN BLVD CLASS: A00 DT: SF STYLE MANUAL: NO GBA (SQ.FT,) AGE: 99 YRS ZONED: C1 BASIC RATE 68.76 ADJ. RATE 68.76 EXT. WALL: SHAPE: ADJ.RATE*GBA: ADD BSMT SqFt $12.00 Rate DED UNF.GBA: SqFt $65.00 Rate ADJUSTED TOT: ADDITIVE AMT: GARAGE DORMERS: PAT.DOORS: WALKOUT: AIRCOND: DECKS PATIOS PORCHES: POOLS BATHS FIREPLC: FIN.BSMT.: TOTAL COST ADJUSTMENTS O.O�S DEPRECIATION: 0.0� INFLUENCES: FUNCTIONAL ECONOMIC BLDG VALUE BLDG MARKET VALUE FLAT CHGS LAND MARKET VALUE 165400 TOTAL MARKET VALUE: 165400 Tvne PID. Press ENTER: or F1. F2. F8 PROPERTY DATA SYSTEM SALES RECORD INQUIRY CURR 308 PROPERTY ID Address NEXT 03-118-21-42-0030 5615 1/ BROOKLYN BLVD `SALE TYPE SALES DATE PRICE OF SALE RATIO REMARKS 1/1996 374000 7 X NO GOOD PER CTY 3/1992 225000 7 ARMS LENGTH PER CTY 12/1990 X FORECL ON PROPERTY 7/1985 65000 1 PER CRV DATE 7/24/85 Press F1. F2. F5. F8 3 ;a� L i n= 1-. 1 I I d s k�, ,I i� 3 T �&I g i i` s N` �:s,cMc1U =c�s:. f :.z I s �j v° a �c� r s ��oa�t--�nt ��v�. T �t�; �'A .�us; �I�: c �x, ��l��z�, �t�, �lco►�n�,- a� I2.S 1�,� �.oa 3 �88 9�D .S'ss s9/ �9I, �szS 5��; �qo d �1 ��-1 a.�,_. S3 Q �31� j ...1. �ps 458 9�d �2.1 s�5 .r�_��+�_�`�_ v._.. Wrt _...w r 2 5,�4-�'�_�Z�_�._ Cp-?-� _�s�_.7, .oq�.. �91 �-�o ._..w ..._...�._w_. _.._.__Y_..� �._�w,_.._.___. ._......__._..�..._w...._..._w_...__ a o_� ----z- 52,�, �'t� 6..�_ f I �l 5�� 5 3 .._�e_ o� 3v �.4 _r_._ ___Y_ �__Y_w__ v..._..,...rt 1 ......a....._�,._ ._Y._._,.�_ _...._�.:..._.�__.._..___.....__.._.e. ,..........._._._.____.___._.�__..__°___—�---._.�,w..._...�_.....a..__llr_�..,.�.. i _��._._...._..�._z_ ___._._._�._J._ i �......_y _m......_.._.._ ------------._._.._....y....... Professional Building 5615 Brooklyn Blvd. Brooklyn Center, MN Building Valuation Revenues-2003 125,851 Less: 6% Vacancy 7,551 Expenses: Repairs Maintenance 4,034 Utilities-Gas Electric 13,929 Utilities-Water 1,396 Cleaning, Janitorial, Snow Piowing 8 175 Security-phone �430 Trash Removal 1,191 Lawn Maintenance 690 Management 6 430 Insurance 1,336 Real Estate Taxes 19,574 2003 Total Operating Expenses Rea1 Estate Taxes: 57,185 Net Operating Income 61.115 Value Equals 61,115/.125= S 488920 Professional Building 5615 Brooklyn Blvd. Brooklyn Center, MN Building Valuation Revenues-2003 125,851 Less: 6% Vacancy 7,551 Expenses: Repairs Maintenance 4,034 Utilities-Gas Electric 13,929 Utilities-Water 1,396 Cleaning, Janitorial, Snow Plowing g, i �S Security-Phone 430 Trash Removal 1,191 Lawn Maintenance 690 Management 6,430 Insurance 1,336 Real Estate Taxes 19,574 2003 Tota1 Operating Expenses Real Estate T�es: 57,185 Net Operating Income 61.115 Value Equals 61,115/.11= 555.591 Professional Building 5615 Brooklyn Blvd. Brooklyn Center, MN Building Valuation Revenues-2004 128,988 Less: 6% Vacancy Expenses: Repairs Maintenance 4,034 Utilities-Gas Electric 15,322 Utilities-Water 1,536 Cleaning, Janitorial, Snow Plowing g�84 Security-phone �430 Trash Removal 1,250 Lawn Ma,intenance 690 Management 6,625 Insurance 1,470 Real Estate Ta�ces 22,92� 2003 Total Operating Expenses Real Estate Taxes: 62,868 Net Operating Income 58.381 Value Equals 58,381/.125= 467.048 Professional Building 5615 Brooklyn Blvd. Brooklyn Center, MN Building Valuation Revenues-2004 128,988 Less: 6% Vacancy 7,739 Expenses: Repairs Maintenance 4,034 Utilities-Gas Electric 15,322 Utilities-Water 1,536 Cleaning Janitorial, Snow Plowing g �84 Security-Phone �430 Trash Removal 1,250 Lawn Maintenance 690 Management 6 625 Insurance 1,470 Real Estate Taxes 22,92� 2003 Tota1 Operating Expenses Real Estate Taxes: 62,868 Net Operating Income 58.381 Value Equals 58,381/.11= 530.736 Professlonal Building 5615 Brooklyn Blvd. Brooklyn Center, MN Building Valuation Revenues-2005 130,147 Less: 6% Vacancy 7,809 Expenses: Repairs Maintenance 4,034 Utilities-Gas Electric 15,322 Utilities-Water 1,536 Cleaning, Janitorial, Snow Plowing 8,584 Security-Phone 430 Trash Removal 1 2S0 Lawn Maintenance 690 Management 6,625 Insurance 1,470 Real Estate Taxes 25,027 2003 Total Operating Expenses Rea1 Estate Ta�ces: 64,968 Net Operating Income 57.370 Value Equals 57,370%125= 458.960 Professional Building 5615 Brooklyn Blvd. Brooklyn Center, MN Building Valuation Revenues-2005 130,147 Less: 6% Vacancy 7,809 Expenses: Repairs Maintenance 4,034 Utilities-Gas Electric 15,322 Utilities-Water 1,536 Cleaning, Janitorial, Snow Plowing 8 584 Security-Phone �430 Trash Removal 1,250 Lawn Maintenance 690 Management 6,625 Insurance 1,470 Real Estate Taxes 25,027 2003 Total Operating Expenses Real Estate Taxes: 64,968 Net Operating Income 57.370 Value Equals 57,370%11= 521.545 Professional Building 5615 Brooklyn Blvd. Brooklyn Center, MN Bu� ldin Valua g hon Revenues 20,�3 125,851 Less: 6% Vacancy 7,551 Expenses: Repairs Maintenance 4,034 Utilitie s Gas e El ctric 13,929 Utilities-Water 1,396 Cleaning, Janitorial, Snow Plowing 8 175 Security-Phone �430 Trash Removal 1,191 Lawn Maintenance 690 Management 6,430 Insurance 1,336 Real Estate Taxes 19,574 2003 Tota1 Operating Expenses Real Estate Taxes: 57,185 Net O eratin p g Income 61,115 Add Real Estate Taxes 19,364 80.479 2Q04 Rea1 Estate Tax12404 Assessed Value 22,927I 590,000= 3.89% (Above) 3.89% Capitalization Rate 12.50 Total 1639% Value Equals 80,479/.1639= 491.025 Professional Building 5615 Brooklyn Blvd. Brooklyn Center, MN Building Valuation Revenues -2oa3 125,851 Less: 6% Vacancy 7,551 Expenses: Repairs Maintenance 4,034 Utilities-Gas Electric 13,929 Utilities-Water 1,396 Cleaning, Janitorial, Snow Plowing 8 175 Security-Phone �430 Trash Removal 1,191 Lawn Maintenance 690 Management 6,430 Insurance 1,336 Real Estate Taxes 19,574 2003 Total Operating Expenses Real Estate Taxes: 57,185 Net Operating Income 61,115 Add Real Estate Taxes 19,364 80.479 2004 Real Estate Tax/ 2004 Assessed Value: 22,927/ 590,000= 3.89% (Above) 3.89% Capitalization Rate 11.00 TQ 14.89% Value Equals 80,4'79/.1489= 540.490 Professional Building 5615 Brooklyn Blvd. Brooklyn Center, MN Building Valuation Revenues z.00 3 125,851 Expenses: Repairs Maintenance 4,034 Utilities-Gas Electric 13,929 Utilities-Water 1,396 Cleaning, Janitorial, Snow Plowing 8 175 Security-Phone �430 Trash Removal 1,191 Lawn Maintenance 690 Management 6,430 Insurance 1,336 Real Estate Taxes 19,574 2003 Total Operating Expenses Real Estate Taxes: 57,185 Net Operating Income 6 8.666 Value Equals 68,666/.125- 549,328 Professional Building 5615 Brooklyn Blvd. Brooklyn Center, MN Building Valuation Revenues 2a o 3 125,851 Expenses: Repairs 1Vlaintenance 4,034 Utilities-Gas Electric 13,929 Utilities-Water 1,396 Cleaning, Janitorial, Snow Plowing 8 175 Security-Phone �430 Trash Removal 1,191 Lawn Maintenance 690 Management 6,430 Insurance 1,336 Real Estate Taxes 19>574 2003 Tota1 Operating Expenses Rea1 Estate Taxes: 57,185 Net Operating Income 68.666 Value Equals 68,666/.11= �624.236 I Professional Building S615 Brooklyn Blvd. Bro oklyn C enter, MN Building Valuafion I Revenues-2004 128,988 Expenses: Repairs Maintenance 4,034 Utilities-Gas Electric 15,322 Utilities-Water 1,536 Cleaning, Janitorial, Snow Plowing 8,584 Security-Phone 430 Trash Removal 1 2�0 Lawn Maintenance 690 Management 6,625 Insurance 1,470 Real Estate T�es 22,92� 2003 Total Operating Expenses Rea1 Estate T�es: 62,868 Net Operating Income 66.120 Value Equals 66,1241.125= $528,960 Professional Building 5615 Brooklyn Blvd. Brooklyn Center, MN Building Valuation Revenues-2004 128,988 Expenses: Repairs Maintenance 4,034 Utilities-Gas Electric 15,322 Utilities-Water 1,536 Cleaning, Janitorial, Snow Plowing 8,584 Security-Phone 430 Trash Removal 1,2�0 Lawn Maintenance 690 Management 6,625 Insurance 1,470 Real Estate Ta�ces 22,92� 2003 Total Operating Expenses Real Estate T�es: 62,868 Net Operating Income 66.120 Value Equals 66,120/11= �601.091 i. Professi onal Buildin g 5615 Brooklyn Blvd. Brooklyn Center, MN Building Valuation Revenues-2005 130,147 Expenses: Repairs Maintenance 4,034 Utilities-Gas Electric 15,322 Utilities-Water 1,536 Cleaning, Janitorial, Snow Plowing 8,584 Security-Phone 430 Trash Removal 1,250 Lawn Maintenance 690 Management 6,625 Insurance 1,470 Real Estate Taxes 25,027 2003 Tota1 Operating Expenses Rea1 Estate Taxes: 64,968 Net Operating Income 65.179 Value Equals 65,179/.125= �521.432 Professional Building 5 615 Brooklyn Blvd. Brooklyn Center, MN Building Valuation Revenues-2005 130,147 Expenses: Repairs Maintenance 4,034 Utilities-Gas Electric 15,322 Utilities-Water 1,536 Cleaning, Janitorial, Snow Plowing 8,584 Security-Phone 430 Trash Removal 1,250 Lawn Maintenance 690� Management 6,625 Insurance 1,470 Real Estate Taxes 25,027 2003 Tota.l Operating Expenses Real Estate Ta�ces: 64,968 Net Operating Income 65.179 Value Equals 65,179/.11= 592,536 Professional Building 5 615 Bro oklyn B lvd. Brooklyn Center, MN Building Valuation Revenues ZQa3 125,851 Expenses: Repairs Maintenance 4,034 Utilities-Gas Electric 13,929 Utilities-Water 1,396 Cleaning, Janitorial, Snow Plowing 8,175 Security-Phone 430 Trash Removal 1,191 Lawn Maintenance 690 Management 6,430 Insurance 1,336 Real Estate Taxes 19,574 2003 Total Operating Expenses Real Estate T�es: 57,185 Net Operating Income 68,666 Add Real Estate Taxes 19,364 88.030 2004 Real Estate Tax/ 2004 Assessed Value: 22,927/ 590,000= 3.89% (Above) 3,89% Capitalization Ra.te 12.50 Total 16.39% Value Equals 88,030/.1639= 537,096 Professional Building 5615 Brooklyn Blvd. Brooklyn Center, MN Building Valuation Revenues -Zoo3 125,851 Expenses: Repairs Maintenance 4,034 Utilities-Gas Electric 13,929 Utilities-Water 1,396 Cleaning, Janitorial, Snow Plowing 8,175 Security-Phone 430 Trash Removal 1,191 Lawn Maintenance 690 Management 6,430 Insurance 1,336 Real Estate Taxes 19,574 2003 Tota1 Operating Expenses Real Estate Taxes: 57,185 Net Operating Income 68,666 Add Real Estate Taxes 19,364 88.030 2004 Real Estate Tax/ 2004 Assessed Value: 22,927/ 590,000= 3.89% (Above) 3.89% Capitalization Rate 11.00 Total 14.89% Value Equals 88,030/.1489= 591.202 BOARD OF EQUALIZATION CITY OF BROOKLYN CENTER May 3, 2004 7:00 P.M. Walk-In Registration Form _,...�c� �'G/'� 3 g3 s� Name r� c.c Phone `-/J Address L�i` C Property Identification Number Date of Purchase Za o'� Purchase Price 2� z, °a Have you done any remodeling or updating since purchase? (Description Cost) /C/o{ Concem(s) n� v� a U P �10 w T fi t s �F i t c r ,�t C� c �P 2004 Estimated Market Value 2004 Limited Market Value 2004 Taxable Market Value PROPERTY DATA SYSTEM TAXPAYER IN(]UIRY CUf�R 3�9 PRflPERTY ID PtEXT 36-119-2i-41-OU(34 Pt.Can: Mt.Adr: Nt�USE# FRACTION STREET NAME UNIT ZIP+4 Front: 100 Back: 90 6408 1/_ WILL01d LA N 55430+ Right: 408 Left: 420 Ownerl: PAULSQ�! TODD R Owner3: Owner2: PAUISQN JENNIFER L Owner4: Zoning: R1 Prim/sec: Yr.blt: 1958 Area: 39727 Acres: 1.U0 Sch.Dst: 286 Wshd: DO Gr/0s/Ex: Subrecs: 01 Width: 95 Depth: 414 Mkt-Land Mkt-Bldg Mkt-Mach Mkt-Tot Tx Capacity Hd PT �OEan 2004: 184000 181QQU 365U04 2�15 N R� 10{? 2��3: 99000 i76300 275300 2i87 N Rl 100 2002: 7600{3 172804 248600 1953 N RL i�U Legal Description: Nfl L4T AND BIOCK GIVEN UNPLATTED 36 1 i 9 21 COht AT A PT DIS 536 FT SLY PAR WITH THE CTR LIPIE OF W RIVER ROAD FROM A PT IN THE N LINE OF GOUT LOT 3 DIST 542 5110 FT E ALONG SAME FROM ..MORE LEGAL Tvos PiD or ADDAESS: press ENTER: or F1. F2. F8 f PROPERTY DATA SYSTEM LIMITED MARKET VALUE IN�UIRY CURR 3i8 t�IEXT PID 36-119-21-4i-0004 ASSESSMENT YEAR 2004 SUB-REC 41 HOUSE# 6408 F(A 1/_ STREET WILLOW LA N UNIT CALCIlLATE LMV (Y/N) PROPERTY TYPE RL HMSTD GODE H PART GOPIST GR/OSIEX REL HMSTD IND CONTIG IND NlARKET k.AND VALUE 184060 MARKET BUILDING VALUE 181000 h9A�NINERY VALUE TOTAL MARKET VALUE 365400 IMPR{�VEMENT AMOUNT LIMITED MARKET VALUE 251500 QUA�IFYTNG IMPR�VEMENT AMOUNT MAAKET VALllE SUBJE�T TO TAXATION 251500 TAXABLE NiARKET VALUE TAX CAPACITY 2515 Make chanaes: oress EFJTER: or F1. F2, F4. F5. F$ PRC?PERTY DATA SYSTEM COMPUTER AIDED APPRAISAL IN(�UIRY a5�03/04 CUF?Fi 43S �lEXT PROPERTY ID: 36-1i�-21-43-4404 YEAR: 2U04 A[IORESS 64�8 WILLOW LA N CLASS: Afl4 dT: SF S7YL.E ONE LEVEI MANUAL: NQ GBA 1472 (SQ.FT.) AGE: 34 YRS Z�NED: R1 BASIC RATE $1U3.2� A�J. RATE $113.56 EXT. WALL: 8.0� SHAPE: 2.0� (t) RDJ.RATE*GBA. 16716d ADD BS�IT 17664 1472 SqFt @$t2.00 Rate �ED UNF.GBA: SqFt $65.00 Rate ADJUSTED iflT: i84$24 ADDITIVE AN1T: 51824 GARAGE 1Q216 DORMERS: PAT.DOt3RS: WALKOUT: 80Q0 AIRCOND: i76F DECKS 5780 PATIOS PORCHES: 2880 PflOLS BATHS 12000 FIREPLC: 5000 FIN.BSNlT.: 6182 TflTAL COST 2366�$ AfklUSTMENTS 76.5�5 DEPRECIATION: 80.5� INFLUENCES: -4�S FUNCTIONAL �S ECONOMIC BLDG VALUE 18i000 BLQG MARKET VALUE i8300U FLAT CHGS LAND MARKET VALllE 184000 TOTAL t�ARKET VALUE: 365fl40 Tvr�e PID. Press ENTER: or F1. F2. F8 I j PRQPERTY DATA SYSTEM SALES RECORO INQUIRY CURR 308 PRdPERTY IO Address NEXT 36-119-2i-4i-Qi3Q4 64Q8 1/ WILLOW LA N SAIE TYPE SALES DATE PRICE OF SALE RATIO REMARKS 7/200fl 242008 Non MI.S Sale 7/1984 115U04 6 t f 1 1 Press F1. F2. F5, F8 PROPERTY DATA SYSTEM SALES COMPARABLES DATA DISPLAY GURR 337 PRUPERTY ID Year Subject Address NEXT 3fi11923410U04 20�34 6408 WILLOW LA N #01 2b11921440004 #02 361192112iiO44 #Q3 251192i43U0tJ7 Subject 6900 WILLOW LA 6858 WILLOW LA 7Q00 �ALLAS RD Nbrhd/�ist 0056115 0056/15 O�b6J1� 0050ii5 Sale Price 242000 425000 412500 239000 Sale Date G7;2004 06/2003 09/2D03 U8J2043 Price(5qft 164.40 284.28 254.00 165.06 Lot Size 39727 19608 21050 14i10 A/E Year 1958/i97� 1971/1985 1962/1978 1963/1973 Bldg. Qual. A04 A04 A03 Afl3 1st F3oor Arsa 1472 1495 1624 1448 GBA 1472 1495 i624 1448 Ssmt.Finished 30 25 75 �S 75 �k 8drms/Bath 3/ 2 3/ 3 4/ 3 3/ 3 Gr1 Area,Cars 52$l2 612/2 5781� 44�/2 W�/AG/Pool EX/A/ EXJAJ EX/A/P VGJA/P Frp2csJDeck 21 578 2/ 332 2/ 424 2/ PrchslDrmrs G/ S! 0/ Q/ Lac/Riv/Lk AP(Fi JR /R J Enier desired fi unction kev F1 F8 to browse PROPERTY DATA SYSTEM SAIfS COMPARABLES DATA DISPLAY CURR 337 PROPERTY ID Year Subject Address NEXT 3611921410004 2004 6408 WILLOW LA N #04 25i1921410042 �05 011t821340138 #06 101182132QOOi Subject 7221 WILLOW LA 721 BELLVUE LA 4040 LAKESIDE A t�lt�rhdfDist 0056/15 �050/15 4454/15 0455/13 Sale Price 2420afl 197000 204900 29300U Sale Date 07/2U00 02/2004 09/2Q03 11J2003 Pricef�q#t 164.44 182.41 i45.94 153.97 Lot Siae 39727 17625 12160 26460 A/E Year i958/1970 1965/1975 1999t1999 1962J1972 Bldg. Qu�l. A44 A04 A04 A04 1st Floor Area 1472 1080 14D4 1903 G8A i472 1080 14i1� 1903 Bsm#.Finished 30 �a 75 �s �5 8drmslBath 31 2 3/ 2 2! 2 6/ 3 Gr1 Area/Cars 528t2 484/3 720/2 480I2 WO;AC/Pool EXJAC /A/ IA/ AV1 FrplcslDeck 2J 578 1! 1/ 96 3J 160 PrchsJDrmrs G/ G/ S! 0/ LocJRiv/Lk APfR l l PKt J l l Enter desired function keu Fi F8 to browse I r a�� ,M a� y ,e W a u�`v�i� p .w. 4 ;.w�A� „�w��'�� 1�� f'�.. il I i +�q� r,. e .f��,: d. i. u F. r �i a' 'i.� V n� �'w» 9 p 'y..;� tl a w y v i t i R '"�alliw, �p aTl� i d ari d i r i �y '4:� r �i a i �y�,�.�� fl ��k t �n��. i u'{ i ii "�I n �6ti �l t� V� )t�a'a^ p i 4 r `t�3�"�" uJ�i� a r,�� w�1S �'a t ,I �g�p g '1.�tiq J y'� y F �'q I ��},�^��,�w, t g}'.tis��'- N a Y A �F f,1 a� n R� q v a4 r��(�. i 3,r �i�u p �y�,e� ro i ,�1.,(�; v n, �x r ti r�4.r*,.�� F u I w F� P t f ;y r \,VYM: L �AI.-. r' ��y IbM +y i.� �°tt'P. .MA��r;SP''W l fr� y, M u a �q�p w...... �r r a ,r ''i� I ,�'�1 .r w-�� w ,y �W �ti� .x..�� 1 �li "'v��'� a ..S.r,:'k9 u ',r v a �a�� y,'1 Z�� Ml� y d'I, J `q. �y t k 4 q 'I� i Y v u t v t �.x r W b. i t v �4 p",[ '�b� o .�9i w I r A r�i 1 y �!�u1'�' }YI' V` !.W T Y t �tk 11 Y t .r� �Y I i v �y 1 4 M F 4 Y y"4 4 a 1 s I 3�' t� y C �jl, r.. t S ar M a r U h 14 n�- �'�r Y 4`'� .�S r� .v r r :'�,M1N� t_ f �t5 r 4 'ti•td. l 4 s� R d* r .`1 er� t .i��.-..; ��..A�� ,i� t ��l't• ��j•";1. ��i�. �py t 1 a s y u �rW�os.�. i, r f y. ,i'� y R ��u` .1. rvr, ti'�'� h�' ��..a 'V• A^ v��' l y�� 1 P m 1 l u �`Wre�r nna x, i f N Y� y;•�. m F a 5� y+ w x w�� j�.� �,�y✓ t' ��p,�,��rR� At i �,'4 �Ix �I� C �f� t yWIM�:,. 4"�� N ia��wt�� 1; a „a+ a w�� ly w� t a,� �i a „��°,I�`� x, `�I� Iw, s y I p '"hPNM� 'MmrT' m�'�'r.w r� 4 �q $�'�'�f�� V Ym"i �+Nr P"� R�6 �s a I q� I�r' dW� y tl' tW 1�k4 ��a' f I 7 kt M �k+k N y 1 i �1 �d 1 ^w%m 4" h h�j�ii �h n R t� r a �a AT�' d� ti� fi�� r p,� i M°, �`r ,y� ,a. d y ,�I°+0C """",^N�MM'tl�Y,, w.�� s_ ,i »m� w uw a P r ��s°�' w n j u i:� ��x�m� A Mi, i�� iM w�, r.. �aSd Au,� '!J�� 4 n��' i i W� ;t H'�� V 1 p d ,��Y" ,�4RI i U tai u umB' a��nu b+u°` F�` fl �„N ��r��i P In �I v r I, .a i iui i.ti �i i re 1� i I i i ��i f p4 ,,�Ili NN �IX� "��v9' q F �.T �li n u WN P a i tl'. i May 3, 2004 Mayor and City Council City of Brooklyn Center 6301 Shingle Creek Parkway Brooklyn Center, MN 55430-2199 Honorable Mayor and City Council Members: I am writing to you regazding the proposed increase in property values for my property and all of my neighbor property owners along the Mississippi River. In 1991 my wife and I bought our property and built a new home on it. The property had just been platted and was on the open market. We paid $59,900 for our property and in 2003 our taxes were based on a land value of $99,000 (a 65% increase in 12 years). Up to this point we have not complained about the value because we recognize that the values have been going up for all property and especially for property on water. That is a good thing for us and for the city. The proposed increase to $165,000 in our land value is hard to understand since the property fias been routinely adjusted through the years. This proposed increase would make the increase a 275% increase in 13 years. This is just not possible. We are not questioning the value of our home, as we think it fairly accurately represents what we believe we could sell our home for. What is confusing is that the empty lot next to us (nearly the same width, more square footage) Lot 1 Block 1 of Larry Addition has water and sewer stubbed into it (currently valued at $82,500) and is proposed to be valued at $103,500, for 2004 taxes payable in 2005 (not $165,000). We feel that the lot value that is proposed is a fair and equitable value and is what our land value should be (not $165,000). I was told by the assessor's office that Brooklyn Center was trying to catch up to Brooklyn Park and Champlin and yet when I checked on the first two properties I came across in the computer; 7320 Willow Lane ($115,000 Land Value) and 7410 Willow Lane ($105,000 Land Value) for 2003 taxes payable 2004, the land values were only slightly higher than our property and I suspect a wider lots (ours is 75 feet wide). It just doesn't make sense. Property t�es need to be fair and equitable and the proposed increase in land value is not and therefore is unacceptable. Sincerely, Gary E Brown 7012 Willow Lane Brooklyn Center, MN 55430 Yrc�perty lntormat�on Search by Property ID Result PaSe http://wwvr2.co.hennegin.mn.us/pins/pidresult jsp Heru�►in Couni�y, wIN Property Information Search Result The Hennepin County Properly Tax web database is updated daily (Monday Friday) at approximately 9:15 p.m. (CST) h Parcei Data for Taxes Payable 200 Gick Here fior State Copv of Pavable 2004 Tax SG I� I� I Property ID: 25-119-21-44-0027 Property iD: Addre�: 7012 WiLLOW LA N �25i 1g2�qqpp2� Municipality: BROOKLYN CENTER School Dist; 011 Construction year: W Watershed: 0 Parcel Size Sewer Dist: Owner Name: G E& J M BROWN Taxpayer Name GARY E& 7ULIANN M BROWN 8� Address: 7012 WILLOW LA N BROOKLYN CENTER MN 55430 Most Current Sales Information Sates prices are reported as listed on the Certificate of Re are not warranted to represent arms-lenyth transactions. NO SALE INFORMATION ON FILE FOR THIS PROPERTY. Tax Parcel Description Addition Name: LARRY ADDN Lot: 001 Block: 002 Metes 8� Bounds: Abstrad or 7orrens: ABSTRACT Value and Tax Summary for Taxes Payat Values Established by Assessor as of Janua Estfmated Market Value: $323,300 Limited Market Value: $283,300 Taxable Market Value: $283,300 Tota! improvement Amount: Total Net Tax: $4,096.85 Total Speclal Assessments: Solid Waste Fee: $50.59 Total Tax: $4,147.44 Property Information Detail tor Taxes Pay� Values Estabtished by Assessor as of 7anua values Land Market $99,000 Building Market $224,300 1 of 2 5/3/2004 3:52 PM Pcoperty Information Search by Property ID Result page http://�wwv�l.co.hennepin.mn.us/pins/pidresult Machinery Market Totat Market: $323,300 Land Limited $86,800 Buiidin� Limited $196,500 Totai Llmited: $z83,300 Qualifyinp Tmprovements Classifications: ProPertY TYpe RESi�enirwt. IAKE SHORE HOM8Ste7d S�dtuS HOMEStEAD Relative Homestead Aqricukural Exempt Status 5050 Hennepin County is providing this information as a public service. Tax related questions: taxinfoC�co.hennenin.mn.us Need help locating a property on our site? Check out our 5earch Tios Home Your Countv Government Licenses. Certificates, Reqistration Emqlovment Volunteerin4 Heafth, Housin4, Social Services Law Public Safetv. Courts Environment. Pronertv. Trans�ortation Copyright m 2004 Hennepin County, Minnesota www.Hennepin.us Accessibilitv Policv Contact Hennepin Countv SecuritvJPrivacv_ Statement 2 of 2 5/3/2004 3:52 PM Pmperty Inforn�ation Search by Addition Name Result page http://www2.co.hemiepin.mn.us/pins/addnresult jsp?addnnm=LAR... H�11�It1 COt�Itl�/ MN wwu�r .us Property Information Search Result The Hennepin County Properly Tax web database is updated da11y (Monday Friday) at approximately 9ei5 p.m. (CST) S Parcel Data for Taxes Payable 20i I 4 Property ID: 25-119-21-4a-0026 Address: 6937 WILLOW LA N L.ot: Municipality: BROOKLYN CENTER (optional) School Dist: 011 Construction yeai Biock: Watershed: p Parcel Sjz (optionat) Sewer Dist: Addition Nsme: (at ieasc 3 characters) Owner Name: L E&] C LINDQUIST �.ARRYADpN Taxpayer Name IAWRENCE/7ACQUE�YN LINC 8E Address: 6940 WILLOW LA N BROOKLYN CENTER MN 5543 2o records per page Most Current Sales Information Sal� prlces are reported as listed on the Certificate of R are not warranted to rep�esent arms-IenQth transactiona NO SALE INFORMATION ON FILE FOR THIS PROPERTY. Tax Parcel Description Addition Name: LARRY ADDN Lot: 001 Block: 001 Metes 8t Bounds: Abstract or Torrens; ABSTRACT Value and Tax Summary for Taxes Paya Values Established by Assessor as of Janu� Estimated Market Value: $82,500 Limited Market Value: $82,500 Taxable Market Value: $82,500 Total Improvement Amount: Total Net Tax: $1,493.99 Total Special Assessments: Solid Waste Fee: $14J3 Total Tax: $1,5Q8.72 Property Information Detail for Taxes Pa� Values Estabiished by Assessor as of 7anu� Values: Land Market $82,500 Building Market Machinery Market Total Market: $82,500 Land Limited $82,500 1 of 2 5/3/2004 3:57 PM Property Informatian Search by Addition Name Result page http://wwv�L.co.hennepin.mn.us/pins/adds�result Buiiding Limited Total Limited: $82,500 Qualifyinq Improvements Classifications: P�OpertY TYD� VAGINT IAND LAICESHORE HO�i'IEistead $tatYS NON-HOMESTEAD Re18�tive Horrtestead Agricultural Exempt StatNs 48a Hennepin County is providing this information as a pubiic service. Tax related questions: taxinfoC�co.henne�in.mn.us Need help locating a properly on our site? Check out our Search Tios Home Your CounN Government Licenses. Certificates, Reaistration Emnlovment Volunteerinq Health. Housin4, Social Services Law, Pub{ic Safetv, Courts Environment, Propertv, Transportation Copyright p 2004 Hennepin County, Minnesota www.Hennepin.us Accessibility Policv Contact Hennenin Countv Securitv_/PrivacX Statement 2 of 2 5!3/2004 3:57 PM Praperiy Information Search by Street Address Result page http://www2.co.hennepin.mn.uslpins/addrresutt H�1�It1 �Ottf1�/ N11V +kw+w ,us Property Information Search Resuit The Hennepin County Property Tax web database Is updated daily (Monday Friday) at approxlmately 9:15 p.m. (CST) I �y' Parcel Data for Taxes Payable 2 I�� Click Here for State Copy of Payable 2004 Tax I�� I�� I�M Properly ID: Z5-119-21-14-0053 HOUSL° or BUILDiNG E►ddress: 7320 W=LLOW L.A N Munidpallty: BROOKLYN PARK h� School Dist: Oi� Conspvctfon yea STREET NAME: W e (at least ftr�t 8 characters) 0 Parcei Si� �uow t.ene Sewer Dlst: p 1/ UN2T #�(if appllcable) Owner Name: DAVID L& DEBRA A STEFFE{ Tax a er Name DAVID L& DEBRA A STEFFEt Address: 7320 WILLOW LA N BR�OKLYN PARK MN 55444 2o records per page Most Current Sales informatic Sales prices are reported as listed on the Certificate of F not warr,�nted to represent arms-lenpth transactions. Sale Date; October, 1986 Sale Price: $85,000 Transaction 'T�rpe: Warranty Deed Tax Parcel Description Addition Name: ENGELS ADDN Lot: 001 Block: 003 Metes 8� Bounds: Abstract or Torrens: TORRENS Value and Tax Summary for Taxes Pay Values Established by Assessor as of lan Estimated Market Valuee $382,800 Limited Market Value: $382,800 Taxable Market Value: $382,800 Totat Improvement Amount: Total Net Tax: $5,17650 Total SpeNal Assessments: Solid Waste Fee: $68.36 Total Tax: $5,244.86 Property Information Detail for Taxes P� Values Established by Assessor as of 7an Values: Land Market $115,000 1 of 2 5/3/2004 4:14 PM Property Information Search by Street Address Result page http://wuvw2.co.hennepin.mn.us/pitts/addrtesult Buildlnp Market $267,800 Machinery Market Total Market: $382,8Q0 Land Limited $115,000 Butldinq Limited �267,800 Totai LJmited: $382,800 Qualifylny improvements Classifications: P�Pg�'tY TYPB RESIDENTIAL LAKE SHORE HOmestead Status HoatESrEnD Relative Homestead Agricultural Exempt Status 9259 Hennepin County is providing this information as a public service. Tax related questions: taxinfoC�co.henne�in.mn.us Need heip locating a property on our site? Check out our Search Tios Home Your Countv Government Licenses. Certificates. Reqistration Emulovment Volunteerin H h q{ ealt Housma. Socfal Services Law Public Safetv. Courts Environment. Pro�ertv. Transnortation Copyright p 2004 Hennepi� County, Minnesota www.Hennepin.us Accessibilitv Policv Contact Hennepin Countv Securitv./Privacv_ Statement 2 of 2 5 3 Q4 /20 4.14 PM Pmperty Iuformation Search by Street Address Resuh page http://www2.c;o.hennepin.mn.us/pins/addnesutt jsp Hennepin C�aunt�, MN 1�4 Property Information Search Result The Hennepin County Property Tax web database is updated daliy (Mondar FNday) at approximately 9:15 p.m. (CS'� Search By: Parcel Data for Taxes Payabl� Click-Here for State Copv of Pavable 2004 F ��1 Property iD: 25-119-21-14-008� HOUSE or BUiLDiNG Address: 7410 WILLOW Municipality: BROOKLYN PARK �la10 School Dist: 011 Construct STREET NAME: (at least flrst 3 characters) Watershed: p pg �ItYil�ow Lane Sewer Dist: UNIT #(ii applicable) Owner Name: MARK MASTER/BRIGI Taxpayer Name MARK A MASTER 8E Address: 7410 WILLOW LA N BROOKLYN PARK MN 2o records per page Most Current Sales Inform� Sales prices are reported as listed on the CerttflG and are not warrented to represent arms-lenqth Sale Date: April, 2003 Sale Price: $432,000 Transaction Type: Warranty Deetl Tax Parcel Description Additlon Name: CORINNE 2ND ADDN Lot: 005 Block: 002 Metes 8k Bounds: THAT PART OF LOT LINE DRAWN FROM TOAPTONTHENL' ELY ALONG SAID N L Note: Thls �s 8 P�rti Descriptlon. To recetve fuil tax email request to taxdescrlotion(efco.i Abstract or Torrens: 70RRENS Value and Tax Summary for Taxes I Values Established by Assessor as of Estimated Market Value: $401,300 Limited Market Value: $401,300 Taxable Market Value: $401,300 Total Improvement Amount: 1 of 2 5/3/2004 4:00 PM Pn�perty Information Search by Street Address Re,sult e PAS http://wwa�L.co.hennepin.mn.us/pins/addiresult jsp 4 Total Net Tax: $5,445.01 Total Special Assessments: SOttd Waste Fee: $71.67 Totai Tax: $5,516.68 Property information Detaii for Taxes Payable 2004 Values Established by Assessor as of 7anuary 2, 2003 Values: Land Market $105,000 Butldin� Market $296,300 Machinery Market Total Ma�rket: $401,300 La�d Limited $105,000 Building Ltmited $296,300 Total Limited: $401,300 Qualffyfn� Improvemenffi Ciassifications: PropertY TYpe a�SI�ENrta�. LAKE SHORE H0117@St�dd StatUS HOMESTEAD Relative Homestead A�rlcultural Exempt Status 9110 Hennepin County is providing th�s �nformation as a public service. Tax related questions: taxinfo@co.henneoin.mn.us Need help tocating a property on our slte? Check out our 5earch Tins Home Your Countv Government Licenses, Certificates, Reqistration Emplovme�t Volunteerina Heatth, Housina, Sociai Services Law. Public Safetv. Courts Environment, Pro�erty, Transaortation Copyright p 2004 Hennepin County Minnesota www.Hennepin.us Accessibilitv Policv Contact HenneDin Countv SecuritvJPrivacv_ Statement 2 of 2 5/3/2004 4:00 PM s BOARD OF EQUALIZATION CITY OF BROOKLYN CENTER May 3, 2004 7:00 P.M. Walk-ln Registration Form Name /LQ uJllJ Phone c2 d�i�3 Address 7 D I,� lil/ i,�� uJl� �V Property Identification Number 2 S�- Z/-// S/- QUZ '7 Date of Purchase Purchase Price 9�� w1' Have you done any remodeting or updating since purchase? (Description Cost) N,PiGt) Z S ro y�/Lu.t e�/,�1,`��, Concem(s) �i�G.��!�2f E�� C�� 2004 Estimated Market Value 7 �u�� 2004 Limited Market Value ��D g�� L 2004 Taxable Market Value k r �w �r�,�� pg d r� p aa 1 y En^ Y, r Mr i t r .a W ti a c �k� t .a 'If, 9 ,A t N d i' W g� p�� w t y�' w Y ti r 1 K N"�+k r w/� yY t�'�' �.l r C. �e t r� i�'� 1 r 1.Q p y 'w° �ly n il'�r�' *ry ��H y v g *r .y Y Js �p* xps a P� u� �a� "�u 1 1 M J I�, n� br p�w lli�� r�wwrw W �,'Y j a 4 e �I I u 4. G ��'�I�' iA r 1 �,��w k w .i i i k 'Y Pw1C k �'i�i'� r�, v M ��:pY' v i i i 4 �y i �A n �MI a i ii 1 �rN !n,� wN .a. W w' e t �x Y� i n�a Q d �k+��; ��wuJxwaN�uw.�d+e".aW�� a A� �.,.w�«�+tiwww,w..cww�neu.,w��w.. aww.��uuk...aw�,w...ww a �u�,;,. ..a�w...m.�.wW�a.u�.� i d ti�, y E +��„t. tiR r w y'1 �y ��r J �w "kr IX dl� d r 'r9+�.�^ ��q+� 4� p w�h �'�,6�� ri'4� �nu� M �i B h� p y R �YY 9 W`� "i'�� Tr g y y I x Y� t� @1 ?MwC,. '�f'��,•A��f �W r� `..e i'' w iY f N a+Y.. s1 �`u y $rap. t "M l p M. �pwq�.� 1 F ��s�� k ,kp� '�M�,I �yw ri ,�y y .Y YN i ��M� ��P��,:: w t Yr Yn 4e ,y A t 'n Y e p 6. r '��N'�� 7 n �p u .,A !'a a 1!`'r +k,.. l y N li r Is m�' w p .14 d�b �uw �,il y. f. �Mw.�+.� �:we V'� °�nv �*ro 9"d �f �Y M y �w l \B ,.,e�x� r q �4�a Me J�� M �k I f .,.�yv: .w�.�w .w�.�+n« ^7 Y M aq� F WF I� YWWVy yify�� I �Y.� y�. Y w �,�'�1 yl��,�1� A 9 d F �1�w� I�. li I �F1 x J p F .�d�� W �r.. ,�,y��, 6 P� pvM�t ��y, r. =MN, .�w w� I 16 p 1 n '�^R �y •d�,�, rti �+w� P w, h W'r,t"y�tl� e� wM �r Y r'y, +C� .w�' t �P �'rp. i Y w ("y......-.. Nr wL r'` us,r�� .,;w u. i ��w� t „�p, '�ir r'`" h w� w +�r 4 w q� a q w w IN Fy M.' x 6� �nww.. V r 4 w a.� Y` r t i t:t F a p r '1 ,wp r�u�� e�,. �«'4: W "J k f 1 h J +wrn, 1 i m d xy w i m G,w A �Y r q x "`'w°" �"A w R v�{ �"�mi�l"�""! H�� '�tl'',., �fX��y�ai�,�y"41i�� J m''TiM1"r^'4x��y�aG��,pw,�,�`�'Y�I,�.,hy Ky�,"�F 7m"� »N*;., �I ��'"�iNiwtiqq�� M'"'"^"�'""C'SP' n �'M. "ydN�!y,. �Vl i ""�i o:,� a:��._ m�,� i v� �m r �-Y ar .ti, r �w.�w i" Y t� ^.+A�4< i 1 PROPERTY DATA SYSTEh1 TAXPAYER INQUIRY GURR 319 PR�PERTY ID �EXT 25-119-2i-44-�027 Pt.Con: Mt.Adr: HOUSE� FRACTION STREET NAN3E UNIT ZIP+4 Front: Back: 7012 1/_ WILL{�� LA t� 55�3D� Right Left Owneri: BROWN GAF�Y E Owner3: O�ansr2: Owner4: Zoning: R1 PrimJsec: Yr.blt: 1992 Area: 17253 Acres; .40 Sch.Dst: i1 Wshd: fl0 Gr(Os/Ex: Subrecs: Ot Irdidth: 8i Depth: 213 Mkt-Land f�kt-82dg t�kt-Mach Mkt-Tot Tx Capacitjr Hd PT �Sflwn 20�4: i65400 2290t14 3940U0 3257 H RL 1fl0 20�3: 99flOfl 2243t?0 32330� 2$33 H RL 1U0 2(#02: 838Q� 172400 256200 2530 N Rl. 10t? Legal Description: LUT t SLOCK 2 LARRY ADDITION Tvc�e PID or AD�RESS: oress ENTER: or Fi. F2. F8 PROPERTY DATA SYSTEf� �If�ITED MARKET VALUE INflUIRY CURR 31$ �EXT PID 25-119-21-44-UO27 ASSESSMENT YEAR 2004 SU8-REC �1 HflUSE� 70i2 F1k 1J_ STREET WILLOW LA N U�iIT CAL�i1LATE L V D CODE H M Y N PROPERTY TYPE RL H�#ST f PART CONST GRIOS/EX REL NMSTD IND CONTIG IND F9ARKET LA�lD VALUE 16500Q t�AR}tET BUiLQING VALUE 229000 MACHINEAY VALUE TOTAL MARKET VR�UE 39400� IMPROVEMENT ,4MOUNT LIMITED MARKET VA�UE 325700 QUALIFYING IMPROVEMENT AA�IIOUNT NlARKET VALUE SUBJECT TO TAXATION 325700 TAXABL€ MARKET VALUE TAX CAPACITY 3257 t�lake chanaes: oress ENTE3�: or F1. F2. F4. F5. F8 PROPERTY DATA SYSTEM COMPUTER �IDED APPRAISAL IN�UIRY 05(03,104 CURR 43fi NEXT PR{?PERTY ID: 25-1i9-21-44-Ot�27 YEAR: 2004 ADDR�SS 3012 4�TLlOW LA N CLASS: A04 DT: SF STYL.E TWfl ST�RY MANUAL: NO GBA 1792 (Sfl.FT.) AGE: i2 YRS Zflt�IED: Rt BASIC RATE �1i1.24 AD�l. RATE �115.68 EXT. WHL.L: 2.0� SHAPE: 2.0� ADJ.RATE*GSA: 207298 ADD BSMT 15360 1280 SqFt t� �12.40 Rate DED U�IF.GBR: SqFt C� 565.00 Rate ADJUSTED TOT: 222658 RDDITIiIE Ah9T; 57792 GARAGE 10752 DORMERS: PA7.QU4RS: 4000 WALKDUT: AIRCCIND: 2i50 DECKS 533fl PATIQS PQRCHES: 1120 POOLS BATHS 18000 FI�EPLG: 3000 FI�l.BSMT.: 13440 fiOTAL COST S 280450 AOJUSTMENTS 81.3�5 DEPRECIATION: 91.3� iMFLUENCES: �a FUNCTIONAL -10�a ECONflMIC �S BLDG VALIfE 228Q�0 BLDG i�ARKET VALUE 229000 FLAT CHGS 1Q00 LA�lt3 MARi{ET VALUE i65000 TOTAL MARKET VR�l1E: 394000 Tvoe PID. Press EtdTER: or F1. F2. F8 PRQPERTY DATA SYSTEPt SALES RECORO INQUIRY CURR 3�8 PROPERTY ID Address NEXT 25-1i9-21-44-0027 7012 1/ WILLOW LA N SALE TYPE SALES DATE PRICE OF SALE RATIO REMARKS 51f��2 59900 7 X LANQ; $1&�,000 CONST j t f 1 t f i j I Press F1. F2 F5. F8 t t PROPERTY DATA SYSTEM SALES COMPRRABLES DATA DZSPLAY CURR 33? PRflPERTY ID Year Subject Address NEXT 2511�2i44fi42'r 2t104 7012 WILLOW LA N #Oi 251192i440004 it02 33ii921410i3i #.fl3 36ii921i2D00� Subjec# 6900 t�1ILLOW LA 630d PEflFiY AUE 685$ WILLOW LA �3brhd/Dist Q056J15 0456/15 0053/14 OQ56Ji� Sale Price 5990Q 425000 202850 412500 Saie Date 05/1992 06/2003 01J2404 09/2�03 Price�Sqft 33.43 284.28 111.46 2�4.Ofl Lot Siae i7253 196U8 14114 21fl50 A/E Year 1992f�9S2 1971/1985 t95511987 196211978 Bldg. Qual. AD4 A04 A04 AU3 tst floc�r Area 1280 i495 1117 1624 GBA 1792 1495 1820 1624 Bsmt.Finished 75 �S 25 �s 50 75 �S BdrmsfBath 3J 3/ 3 4f 2 41 3 Gr1 Area�Gars 67212 612/2 308/1 576/2 W�{AC/Paol fAJ EX/At 1 EX;AJP FrplcsJDeck i( 533 2/ 332 3( 2/ 424 Prchsl�rmrs S/ S/ f QI LoclRiv/Lk /R !R TS/ fR f Enter desir�d funetion keu Fi F8 to bro�s2 PROPERTY DATA SYSTEM SALES COMPARABLES DATA DISPLAY CIJRR 337 PROPE�fiY ID Year Subject Address NEXT 2511921440027 2004 7012 WILLOW LA N #04 361192i330069 #05 3611921334f!$9 t�06 Q111821340138 Subject 1227 63RD LA N 1417 63RD LA Id 721 BE�LVUE LA NbrhdiDist 0056115 0120/15 0120J15 0454J15 Sale Price 59900 167940 i65040 2049D0 Sale 0ate 05/1992 0612003 05J20U3 09J20D3 Price/Sqft 33.43 120.88 119.65 145.94 Lot Sizs 17253 1709 1797 i2i6fl AlE Year t992j1992 1983/1993 198311993 1999/1999 Bldg. flual. A04 A04 AU4 A04 1st �l�or �rea 1280 696 686 1404 GSA 1792 1389 i379 1404 Bsmt.Finished 75 0 4Q 3d 8drmsl8ath 3/ 3 31 3 3( 3 2/ Gr1 Rrea/Cars 672l2 550/2 550/2 72�l2 W�/AClPool /A/ /A/ IA/ /A/ Frplcs[!?eck 1 J 533 1 9 Prehs?Drmrs S i S Loc/Riv/�k 1R NI( HIJ 1 �K! l Enter desired function keu F1 F8 to browse SUBJECT PROPERTY 7006 Willow La Darryl Diane Sannes PID# 25 119 21 44 0005 I 1 l u.�,,; y ,aG� F �f i I x� s y 4 v• L� ja F$'J 4�,�. -'3" :J 7 .t- �.i7J A l t� 'i.,�fi i".,yy t �t �l i��y,$ k/ :J J�i' ...x,..y::; .wx.� n. .�r^�� '"�t_ ;4u.:. i *�1.�� w r y r— 't w ,�,a.�.�..� w 4_:� kr� �r�k a� Land Characteristics Land Area 18,700 sq. ft. River Frontage 88.87 ft. View of Island 2004 Land Value $165,000 2004 Bldg. Value 214,500 TOTAL 2004 EMV $379,500 Building Characteristics Style: Split Entry 1,488 sq. ft. Main Level Room Count: 5/ 2/ 1.75 Below Grade Room Count: 4/ 2/.75 Garage: 2 Car Attached Fireplace: 4(2 double sided firepiaces) Porches/Decks/Misc. 160 s.f. Deck Wet bar in FR Central Air Conditioning: CAC i 11• 111 x Y �:,y. 5� �4i �4. �i� �'A 4 �r�. ry z. x j t b ��,�'+Y b' a w i7 •�4�� le M� 4��.. 'i) a «Ya x �M. �.;.lt`�'- e 'n' a g� w" t''+ s A�� '��k� a ��:r�� ,��t'� �,4 'yl r6.,..'�,._ +t.� w "k' '�2?r.s- �r �..,�+M ��r��i. i S `._a..�� ti �r" ;b S �+p��' `�a a t �i` ,P. .�.X �k�¢ �a� s.� 4�`,b "!r�. �r�r k° a :,r s,, n p h $+a d e sd i p 4 y �y� r yy p N. a�� 2 'n r� y;�T� r x �a�,k«�� ,��r. w� y F `�,w�� s ��r p .s t 4 r g�.� �y y �f ,b a'� i� "W c� #��1�'�; �L, y a. 'R✓ P y�� s r. ��A' y �7er q 0. �1'» a"r e: �r `��e �g� t p, 4 s `L: s w: ,rt-+ c 1r� •x tx C �t�„a �3 4 '�t T y ''j, �Hr Ya� X �,r t w` g�� +c w4k '°+x 1 Sr��,�.. ^�',R� 'k;w ��+^k., 4 i ,�r, +K �4 �4 's� a c. K �6j� v�"x" 3 c� r �4 aM'" r r h s nw� �w h i, W ..a.�.a�_ a' �_h. sa. 'L:: �!'i¢�• �.�r� ,�R t ,�y p�� ae ,.,m a sb= t a x r�' F 3G.. �Wr. v�� .#f�� a T ti+r� i�"�` d�� E t I�` '4 e "S.M�t`� l F b r fl �b t� �Mr t ei�a �jt�� u4F fi n y u,. F r.� 9R 6 4 P� ,��''�y�'►,.�� `z v 54�, w �`:t S j y �;g� ��k�v3�n= t. ,�9°� �M' a 4�,�, a Y i 0 s� ,g�R 'y�'�A'��'� 5 w.'�' �,p'� E fi�i� wa' 7" r� „e• �i g lr. �ek` „h �d" y r.�� f �.0 1 �a u,. p zxi yY a�r,�', �r�5' s r��.^,`� `"ta y4 i y t� .a� �f �0:�''S`� k�,� u�'; a�a a s�p r g ��s^� fi ."�r�k at�'�� "a� 1� ,�n .Y+ 'w �r6 s� �l ,r a 3 ex, �`�'�..M _L.�ww'�..,� t°�._ �r c�` �`�N L r h'� t �s"`+� �'�f��, E r��,"� a �"a T r, i t'y��' a`"�'°� Y n�'�� v �s yW.�,":�b„�� K la s 5, t a Y k re�� i c .�'p�' a w �tr, `=i f f r" Y ;(F y, Y s� tJ` rt��{, '{p ;F.� ,Y� R, r +a� c �s� A$ g�� Y�.+�,:�� r, `¢`!d SE b' S A K 3b� y g �`1 ,�d' �a A i i .1 ;.xy.,'14 h�, t 4 1 �dr R R el�� W.� d `r'�.' �9+.,� Y A a r '�v: a u ��R t i i. '"y a� r� ,�w� x 3 s� a aw� •zm i. i '�!k ac r`.a� C:..� .r a�r,�t ``t COMPARABLE SALES PHOTOS Comparable 1 6900 Willow La PID# 25-119-21-44-0004 �t c� e y,_ �,4�,�. f �.Y 4^ t� s i fi.k �.f ,L. j J y 3 t J A JR rn Land Characteristics Land Area 19,608 sq. ft. River Frontage Approximately 100 ft. On Ravine Sold: June, 2003 Sale Price: $425,000 Building Characteristics Style: Rambler 1,495 sq. ft. Main Level Room Count: 5/ 2/ 1.75 Below Grade Room Count: 1/ 1/ 1 Garage: 2 Car Attached Fireplace: 2 Porches/Decks/Misc. 192 s.f. Screen Porch/ 332 s.f. Deck Central Air Conditioning: CAC COMPARABLE SALES PHOTOS Comparable 2 6858 Willow La PID# 36-119-21-12-0004 r F Y w�;�� ti'� f�.� �F, C,. �Y 4 ��i L;�. �a �y!t j t y ^�t�'; a t� ^b �.t r ,,,r ,�:ti k Y.::.... r I f r �I s- 5 A t �7?` d r i t;` y I �id t V `r -0 Y #'"f t. :r� fi �i,, F 4 a� �3..5rt�_ x+ iw y: �LSs �,�,"`��`'�r�� 4n` 4s' "`��.w'i:�"`��'#"�' v :.��.,et'�. k... 4 X, s p v r Land Characteristics Land Area 21,050 sq. ft. River Frontage Approximately 100 ft. Sold: September, 2003 Sale Price: $412,500 Building Characteristics Style: Rambler 1,624 sq. ft. Main Level Room Count: 6/ 3/ 1.5 Below Grade Room Count: 3/ 1/ 1 Garage: 2 Car Attached Fireplace: 2 Porches/Decks/Misc. 640 s.f. Pool/ 168 s.f. Open Porch/424 s.f. Dck Central Air Conditioning: CAC COMPARABLE SALES PHOTOS Comparable 3 7222 Riverdale Rd PID# 25-119-21-41-0047 4. t f v'1 t�'�, rv�>^ y� t �f l �'^4 r� r i r i a t d; �a r+ t �.r ��t )�f i,� �:;t. ��R� �:i� y 3' b: o r y Y� y+: r {.r, 4 i ``.c-� a.•: a t7. i�, i�t� s r„ p i ��t. i r z �,F:; x i ti w �4p1l1l�' t_ r... 9 AP�R 21 2004 Land Characteristics Land Area 18,975 sq. ft. Off River Location Sold: Aug., 2003 Sale Price: $252,500 Building Characteristics Style: Split Entry 1,514 sq. ft. Main Level Room Count: 6/ 3/ 1 Below Grade Room Count: 2/ 2/.75 Garage: 2 Car Attached Fireplace: 2 Porches/Decks/Misc. 460 s.f. Deck/ 72 s.f. Open Porch Central Air Conditioning: CAC -r1�f4„ J `V` 5 "��T.'3,,W�t �"4"ay�' ��a a z �a� �s zt"�' ,.e �`r�, r R +'z 3� r� �S d r GR`�� x w ,.rz...�a e P F a�:� r ^��x�r �a s. 1 .s 'aJ�' �a a e. `f�W k� .a��* a� t t. 3 f"�T` a u x 3� 4 f.s.� n L a� d x �a �c J a�� n� K✓ 1 r �t� ��%c� t�� "r�� '��y,��n� r �t#�c '��"^#�,�'��'q�,`,'��,., 3 �`a�t� a r�+ �yf,,� '-�eQ ti �p,y�° t�," g' J *�t "�rr n� f �5a� �`��r�� sa�, f��^,�� v�„�z j�,� s� «�t �4 s� i �`";4 '+.a+: =,��q' Ra� y f '�a" s g� r Y �'1 d'a,�' ��a� „y� t �y"�' p a; e t -t� t #c h a�� f �.�.s^ ��tK�`.i� �.++`;i`��,s��.��a'k4'� "3 r -��s�,,s3`�r�y ryjw'��'�'�S y;t�'''. .,e g �;5t�, ��s� ��`;�,r�`'"�`.s�.�� "t�� G G, ,'+v7 2 g �'r �{,�g° 9 x x ;�rz k.r �'��`z-A g r vf�..' r{� r �s� se,�€ x +g. �r i a "F e ��g a g ,�.,�.v t d t�� 3 ��^r �,~�s s� t �`t,�`r ....,IH +�•.s�e� t 3 ""t zs'�' r.�,��:,^�r s .s,.. .r'�' `i �y%�«'�''r��'r's�``,, F y f i a r �'a,ti�� T' i�� s:� �3 w, i �.r I 4� �a Y �`�.�y�� a� j. i A a 9 h I aw q y, 4 r»; e .u'�„ a r��`� r P` a�� s, 2 c. k ��s.?' �,��d,� ,�a F $g�" �'i i a� �-t�t'�_ �e.�.�! _�s j w�"% i x, n M j v'�� S r i�' q 1 '�:ti,�� TM s rA� r,y i t +#F-�'. 7 L i �'�:y� .��S �X r as t ��.�u ti t 4 'C �;'8 i �P T t A.S.+`7 keA� t� k,� a .1. H v�et �yt s,� �"'K ,,,,,a--„ �.d Y�J" �9 h ��z.t,�.«��tm'-J� 4 i ?t �.�r t :cs� "'A 1: s r k :i aa." F .�r t�, d m i Y 4 ��d.� F r� "��4 r� �j j� s �,...a .r..,�,w .,s-;.„ a.�,� s v.� ,.v,�. 3 �,�cx �'<F`.;.= p c t'�..'�y'�, �Y+,�� m .�C� v .h.,�, a�`� k.� ;it Il�ra, i. Y i� i y a i` e,a y r y� m I �,y. y r, e �t�, A h RESIDENTIAL SALES COMPARABLE ADJUSTMENT GRID APPRAISAL OF i 7OOB WIIIOW L8 N Brooklyn Center PID# 25-119-21-44-0005 I'_ 9.T%arrnMhoms00sto20Wannwly SUBJECT COMP. #1 COMP. #2 COMP. #3 COMP. #4 qp� Darryl Diane Sannes NAME ADDRESS �oos wwow �a 6900 Willow La 6858 Willow La 7222 Riverdale Rd nooeess p�p 2511927440005 25-119-21-44-0004 36-119-21-12-0004 25-119-21-41-0047 r�o SALE PRICE 5425.�� .�4�Z $252 �SO c O SALE PRICE FinanNnp Adjus6nsM SO i� Financinp Adjustment Sale Price 5425,000 $412,500 $252,500 Sale Price (Aajusad ror Ftnanu) (na)ustw ror Ptnancs) SALE DATE JU�2, 2003 E20,600 Sept., 2003 $10,000 Aug., 2003 58 �YOO SALE DATE Sale Price b445,600 $422,500 5260,700 Sale Price IAdiusted for Time1 (ndjusad ror 7im.� LOCATION Very Good Similar Slmilar Inferior I LOCATION SITE FRONTAGE 18,700 S.FJ 88.87 FRONT 19,608 S.F. Apx 100 I 27,050 S.F. Apx 100 18,975 S.FJ OFF RIV I 5122,300 LOT SRE I S7YLE Split Entry Rambler Rambler Split EnVy Srr�E ROOM COUNT Abow 5/2 1 Full 1 3/4 Ba 5/ 2/ 1 Full,1 3/4 Ba 6/3 2 3/4 Ba 8/717 Full Bs eooM couNr nbove oraaa GraG Tota� IBR I Baths Tota11BR I Baths SIZE �s.f.) 1,488 1495 S.F. 1,624 (55,000� 7,514 s¢e Yr Built EFF Age 1867/1983 1971N975 1962N978 1968/7978 I YEAR BUILT CONDITION Very Good Average I SS,000 Very Good Very Good I CONDRION I 1F FIREPLACES 4(2 dbl fpl's) 2 I 54,000 2 54.000 2 I 54,000 K FIREruCeS I HEAT I AIR G GFA/CAC GFA CAC I HWiCAC GFA/CAC I I HEnn pie c. I BSMT FULL FUI.L I FULL FULL I I ssMi j BSMT FIN. ROOMS 1 FR,1 OFFICE, 2 BRS ,t, v4 sn 1 BR, 1 FULL BA I 1 PR,1 KITCH,1 BR, &DLX BA 2 BR, 1 3/4 BA I I BSMT FIN. ROOMS GARAGE (#cars) 2 Car Att 2 Car Attached 2 Car Attached 2 Car Attachad GARAGE (%cars) �MeNmes Wet Bar Deck Screen porch Deck Pool 640 sffOpen porch 8 Dk (S5,5oo� DBGk/Op6O pOICh I I AMENTIIES REMODELING SkyligM Kitch Ba Remodel (510,000�, I REMODELING OTHER _I I orHeR I Net Adjustment 59,000 (516,500) 5126,300 Nst nd}ustmsM I Indicated Value $454,600 $406,000 $387 Indiwhd Valw �Valuafion Reconciliation: Sustain 2004 EMV at $379,500 COMMENTS: Subject property is located along Mississippi River in a neighborhood of custom homes. Property has 88.87 feet of river frontage with a view of the island. Across the street, the neighborhood is very good with many upper bracket homes. Subject is a split entry home of above average quality and finish in excellent condition. It contains many custom elements including 2 double sided fireplaces, and custom ceilings. I I G:1D�phV155ESS1BOARD@OWU��s Grid.XL310� Bwrd 6rid (2) 04/26/2004 PROPERTY DATA SYSTEM TAXPAYER INQUIRY CURR 319 PROPERTY ID NEXT 25-119-21-44-0005 Pt.Con: Mt.Adr: HOUSE# FRACTION STREET NAME UNIT ZIP}4 Front: 89 Back: 7006 1/_ WILLOW LA N 55430+ Right: Left: Ownerl: SANNES DARRYL G Owner3: Owner2: SANNES DIANE K Owner4: Zoning: R1 Prim/sec: Yr.blt: 1967 Area: 18700 Acres: .00 Sch.Dst: 11 Wshd: OU Gr/Os/Ex: Subrecs: 01 Width: 85 Depth: 220 Mkt-Land Mkt-Bldg Mkt-Mach Mkt-Tot Tx Capacity Hd PT �Own 2004: 165000 214500 379500 3545 H RL 100 2003: 99000 212600 311600 3116 H RL 100 2002: 83800 200500 284300 2807 H R� 100 Legal Description: LOT 1 BLOCK 1 BRANDON ADDITION Tvoe PID or ADDRESS: oress ENTER: or F1. F2. F8 PROPERTY DATA SYSTEM LIMITED MARKET VALUE INQUIRY CURR 318 NEXT PID 25-119-21-44-0005 ASSESSMENT YEAR 2004 SUB-REC 01 HOUSE# 7006 F/A 1/_ STREET WILLOW LA N UNIT CALCULATE LMV (Y/N) PROPERTY TYPE RL HMSTD CODE H PART CONST GR/OS/EX REL HMSTD IND CONTIG IND MARKET LAND VALUE 165000 MARKET BUILDING VALUE 214500 MACHINERY VALUE TOTAL MARKET VALUE 379500 IMPROVEMENT AMOUNT 4000 LIMITED MARKET VALUE 354500 QUALIFYING IMPROVEMENT AMOUNT MARKET VALUE SUBJECT TO TAXATION 354500 TAXABLE MARKET VAWE TAX CAPACITY 3545 Make chanaes: oress ENTER: or F1. F2. F4. F5. F8 BOARD OF EQUALIZATION CiTY OF BROOKLYN CENTER May 3, 2404 7:00 P.M. Walk In Registration Form Name �G'� C (TI� Phone �6� i��r— L Address ��i I �l l. J �i,' 1/ Property identification Number 3�) r/ t--��fi� Date of Purchase J�� Purchase Price Q�� f Have you done any remodeling or updating since purchase? 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PROPERTY DATA SYSTEM TAXPAYER INQUIRY CURR 319 PROPERTY ID NEXT 36-119-21-14-0002 Pt.Con: Mt.Adr: HOUSE# FRACTION STREET NAME UNIT ZIP+4 Front: Back: 6518 1/_ WILLOW LA N 55430+ Right: Left: Ownerl: SCHMIDT RONALD W Owner3: Owner2: SCHMIDT PATRICIA Owner4: Zoning: R1 Prim/sec: Yr.blt: 1980 Area: 11850 Acres: .00 Sch.Dst: 286 Wshd: 00 Gr/Os/Ex: Subrecs: 01 Width: 75 Depth: 158 Mkt-Land Mkt-Bldg Mkt-Mach Mkt-Tot Tx Capacity Hd PT �Own 2004: 160000 213200 373200 2572 H RL 100 2003: 99000 195800 2948U0 2237 H RL 100 2002: 72000 151800 223800 1998 H RL 100 Legal Description: LOT 2 BLOCK 1 WILLOW BLUFF Tvpe PID or ADDRESS: oress ENTER: or F1. F2. F8 I PROPERTY DATA SYSTEM tIMITED MARKET VALUE INQUIRY CURR 318 NEXT PID 36-119-21-14-0002 ASSESSMENT YEAR 2004 SUB-REC 01 HOUSE# 6518 F/A 1/_ STREET WILLOW LA N UNIT CALCULATE LMV (Y/N) PROPERTY TYPE RL HMSTD CODE H PART CONST GR/OS/EX REL HMSTD IND CONTIG IND MARKET LAND VALUE 160000 MARKET BUILDING VALUE 213200 MACHINERY VALUE TOTAL MARKET VALUE 373200 IMPROVEMENT AMOUNT I LIMITED MARKET VALUE 257200 QUALIFYING IMPROVEMENT AMOUNT MARKET VALUE SUBJECT TO TAXATION 257200 TAXABLE MARKET VALUE TAX CAPACITY 2572 Make chanaes: nress ENTER: or F1. F2. F4. F5. FS I I PROPERTY DATA SYSTEM COMPUTER AIDED APPRAISAL INQUIRY 05/03/04 CURR 436 NEXT PROPERTY ID: 36-119-21-14-0002 YEAR: 2004 ADDRESS 6518 WILLOW LA N CLASS: 605 DT: SF STYLE SPLIT LEVEL MANUAL: NO GBA 1816 (SQ.FT.) AGE: 15 YRS ZONED: R1 BASIC RATE 81.67 ADJ. RATE 83.30 EXT. WALL: SHAPE: 2.0� ADJ.RATE*GBA: 151272 ADD BSMT 21288 1774 SqFt @$12.00 Rate DED UNF.GBA: SqFt $65.00 Rate ADJUSTED TOT: 172560 ADDITIVE AMT: 47260 GARAGE 2500 DORMERS: PAT.DQORS: 300-0 WALKOUT: 4000 AIRCOND: 2179 DECKS 2720 PATIOS PORCHES: POOLS BATHS 17500 FIREPLC: 2500 FIN.BSMT.: 12861 TOTAL COST 219820 ADJUSTMENTS 97.0� DEPRECIATION: 97.0� INFLUENCES: FUNCTIONAL ECONOMIC BLDG VALUE 213200 BLDG MARKET VALUE 213200 FLAT CHGS LAND MARKET VALUE 160000 TOTAL MARKET VALUE: 373200 Tvae PID. Press ENTER: or F1. F2. F8 PROPERTY DATA SYSTEM SALES RECORD INQUIRY CURR 308 PROPERTY ID Address NEXT 36-119-21-14-0002 6518 1/ WILLOW LA N SALE TYPE SALES DATE PRICE OF SALE RATIO REMARKS 1/2000 186000 Press F1. F2. F5. F8 PROPERTY DATA SYSTEM SALES COMPARABLES DATA DISPLAY CURR 337 PROPERTY ID Year Subject Address NEXT 3611921140002 2004 6518 WILLOW LA N #01 0111821340042 #02 1011821240013 #03 3611921240057 Subject 5418 BRYANT AVE 3906 51ST AVE N 6618 COLFAX AVE Nbrhd/Dist 0056/15 0054/15 0055/13 0052/15 Sale Price 186000 235000 209900 176000 Sale Date 01/2000 07/2003 08/2003 01/2004 Price/Sqft 102.42 96.59 209.90 203.70 Lot Size 11850 13330 10050 9310 A/E Year 1980/1989 1928/1980 1992/1992 1984/1990 Bldg. Qual. 605 606 B05 B06 ist Floor Area 1816 1343 1000 864 GBA 1816 2433 1000 864 Bsmt.Finished 50 50 50 Bdrms/Bath 4/ 3 4/ 3 3/ 2 3/ 1 Gr1 Area/Cars 512/2 360/2 606/3 440/2 WO/AC/Pool AV/A/ /A/ /A/ /A/ Frplcs/Deck 1/ 272 1/ 176 336 Prchs/Drmrs Loc/Riv/Lk /R PK/ Enter desired fiunction kev F1 F8 to browse PROPERTY DATA SYSTEM SALES COMPARABLES DATA DISPLAY CURR 337 PROPERTY ID Year Subject Address NEXT 3611921140002 2004 6518 WILLOW LA N #04 0111821240051 #05 3611921330001 #06 2511921430046 Subject 921 58TH AVE N 6218 LILAC DR N 7012 DALLAS RD Nbrhd/Dist 0056/15 0054/15 0054/15 0050/15 Sale Price 186000 215000 202000 220000 Sale Date 01/2000 09/2003 08/2003 10/2002 Price/Sqft 102.42 131.66 127.04 117.96 Lot Size 11850 �40524 11430 17475 A/E Year 1980/1989 1928/1999 1938/1990 1950/1975 Bldg. Qual. B05 605 B05 605 1st Floor Area 1816 968 967 1260 GBA 1816 1633 1590 1865 Bsmt.Finished 50 50 Bdrms/Bath 4/ 3 4/ 2 3/ 2 3/ 2 Gr1 Area/Cars 512/2 832/3 484/2 572/2 WO/AC/Pool AV/A/ /A/ /A/ /P FrplcsJDeck 1/ 272 100 1/ 58 1/ Prchs/Drmrs G 0/12 Loc/Riv/Lk /R TS/ Enter desired function kev F1 F8 to browse